Gas from Deep Panuke expected in weeks

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The Canadian Press

HALIFAX — Encana Corp. (TSX:ECA) says natural gas is now being exported from the Deep Panuke project off Nova Scotia.

But spokeswoman Lori MacLean says it will be a couple of weeks before the offshore platform is producing a steady flow of gas.

The Canada-Nova Scotia Offshore Petroleum Board gave Encana the green light Aug. 2 to begin shipping gas to its production field centre offshore and ultimately to market.

The federal-provincial regulator said it issued the authorization after reviewing the Calgary-based company’s readiness for operations.

The project has been plagued by delays since receiving regulatory approval in 2007.

It was initially supposed to go into production by late 2010.

Dutch-based SBM Offshore owns and operates the platform on behalf of Encana.

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Recent comments

  • wingman
    August 15, 2013 - 14:04

    OH boy. Can't wait as a taxpayer to start receiving my cheques in the mail from all the royalties we must be getting.

    • willie wonka
      August 22, 2013 - 08:24

      Sorry Wingman-----those cheques are being diverted to prop up failing industry---like the IRVING EMPIRE! They said they are in greater need than you and they wouldn't lie (simply for financial gain) would they?