Shell to spend $1B on NS's offshore oil and gas - CBC.ca

The company will spend $970 million for the work on four parcels of deep-water land off the province's southwestern shore. That is the highest bid ever in Atlantic Canada.

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The company will spend $970 million for the work on four parcels of deep-water land off the province's southwestern shore. That is the highest bid ever in Atlantic Canada. "Shell demonstrated that it has extensive worldwide experience in deepwater drilling, including involvement in three previous deepwater exploratory wells drilled offshore Nova Scotia and Newfoundland," the board said. Shell now has the right to drill off the Scotia Shelf in water ranging in depth from 1,400 to 3,700 metres, according to Stuart Pinks, CEO of the petroleum board.

Shell to spend $1B on NS's offshore oil and gas - CBC.ca