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Thursday, 25 August 2016

Tests show Canada’s West Orphan Basin holds 25.5 bn bbl of oil, 20.6 tcf of gas

Tests show Canada’s West Orphan Basin holds 25.5 bn barrels of oil and 20.6 tn cubic feet of gas, according to a statement by the premier of the Canadian province of Newfoundland and Labrador, World Oil reported on Wednesday. For comparison, the Egyptian offshore supergiant gas field Zohr is believed to hold a potential 30 tn cubic feet of gas. All Canadian exports of natural gas are currently shipped to the United States by pipeline, but a share of exports is expected to start to shift: The planned construction of LNG export terminals on Canada’s western coast will see sales to Asia begin by 2019, according to Canada’s National Energy Board.

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