Geoscience

Regional Resource Potential

It is important to understand the oil and gas resource potential in the Nova Scotia offshore area. The resource is composed of discovered reserves and undiscovered potential. Discovered reserves are calculated using seismic mapping along with information from the discovery wells such as flow tests, logs, and cores. Undiscovered potential must be determined without the benefit of actual well data.

Statistical calculation of all reservoir parameters produces ranges of possible results with corresponding confidence factors. The mean value is most commonly quoted. Play risk must be applied to conceptual play results until the play has been proven to exist. The calculated resource estimates are multiplied by this risk factor resulting in the "risked resource" value. Unless stated otherwise, the risked value is always used.

Figure 1

The offshore areas that have been assessed by various agencies.

Table 1

The assessment results sorted by date. This table is being updated continuously as new assessments are completed.

Download Table 1.pdf