•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Encana receives Production Acceptance Notice for Deep Panuke

    Encana Corp.

    Encana Corp. (TSX:ECA) (NYSE:ECA) has received a Production Acceptance Notice at the company's Deep Panuke project offshore Nova Scotia, issued after successful completion of a performance test of the platform. The Deep Panuke project is designed to produce up to 300 million cubic feet per day (MMcf/d) of natural gas from four wells.

    Encana has an agreement for the purchase of 100% of the production from the platform. Pricing is tied to the strong US Northeast market, which recorded a 6.5-month price high for the commodity in early December.

    The Deep Panuke project produces and processes natural gas from the Deep Panuke field, approximately 250 kilometers (155 miles) southeast of Halifax, Nova Scotia, on the Scotian Shelf. Natural gas from Deep Panuke is processed offshore and transported, via subsea pipeline, to Goldboro, Nova Scotia, where it interconnects with the Maritimes & Northeast Pipeline.

    Related Articles

    Report predicts surge in world subsea expenditure

    06/05/2014

    Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

    Baker Hughes and Aker Solutions form subsea production alliance

    04/22/2014 Baker Hughes Inc. and Aker Solutions ASA have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates, and reduce costs for subsea ...

    Trendsetter promotes Downing to president

    04/21/2014

    Trendsetter Engineering Inc. has promoted Ron Downing to the position of president.  Downing assumes this responsibility from Mario Lugo who remains chairman and CEO.

    FMC Technologies awarded contract for BP's Shah Deniz Stage 2 project

    04/15/2014

    FMC Technologies Inc. has received an order from BP to supply subsea systems for its Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $322 million in revenue.

    Shell postpones Norwegian subsea gas project

    04/14/2014 Shell is postponing a project to provide subsea compression at the North Sea's Ormen Lange, the second-biggest Norwegian gas field, despite objections of a key license partner, according to a Reute...

    More Oil & Gas Financial Articles

    Report predicts surge in world subsea expenditure

    Thu, Jun 5, 2014

    Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

    Baker Hughes and Aker Solutions form subsea production alliance

    Tue, Apr 22, 2014

    Baker Hughes Inc. and Aker Solutions ASA have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates, and reduce costs for subsea fields.

    Trendsetter promotes Downing to president

    Mon, Apr 21, 2014

    Trendsetter Engineering Inc. has promoted Ron Downing to the position of president.  Downing assumes this responsibility from Mario Lugo who remains chairman and CEO.

    FMC Technologies awarded contract for BP's Shah Deniz Stage 2 project

    Tue, Apr 15, 2014

    FMC Technologies Inc. has received an order from BP to supply subsea systems for its Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $322 million in revenue.

    Shell postpones Norwegian subsea gas project

    Mon, Apr 14, 2014

    Shell is postponing a project to provide subsea compression at the North Sea's Ormen Lange, the second-biggest Norwegian gas field, despite objections of a key license partner, according to a Reuters report.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ