On Wednesday May 11, 2011, Charlie Parker, Minister of Energy
for Nova Scotia announced the results of the Play Fairway Analysis,
a study into the offshore resources of Nova Scotia. The government
invested in the study in order to develop an industry standard
picture of Nova Scotia's offshore geology.
According to the study, there are more than 3.3 trillion cubic
meters of natural gas and 8 billion barrels of oil sitting offshore
Nova Scotia. According to the minister, over the next several
months the department will be marketing the study to oil and gas
companies in the hope of gaining interest in a call for bids that
will occur in the near future.
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