Exxon stops production at Nova Scotia offshore Sable natgas project
Reuters quoted Exxon Mobil Corp as saying that it ended natural gas production at its Sable Offshore Energy Project off the coast of Nova Scotia, Canada by December 31. According to Exxon's website, sable had been producing gas since 1999. It was Canada's first offshore gas project. Sable is made up of seven offshore platforms with 21 wells and 340 kilometers of subsea pipeline.
Gas from the pipeline was transported via the Maritimes & Northeast pipeline to customers in Nova Scotia, New Brunswick and the US Northeast.
According to data from the Canada-Nova Scotia Offshore Petroleum Board, monthly production at Sable peaked in December 2001 at 517,802,000 cubic meters, or about 18.3 billion cubic feet, and has been mostly declining since. One billion cubic feet is enough gas to fuel about USD 5 million homes for a day.
According to the Offshore Petroleum Board, in November 2018, monthly production at Sable was just 55,314,000 cubic meters.
Exxon, which operates Sable, said on its website the project is owned by units of Exxon (50.8 percent), Royal Dutch Shell Plc (31.3 percent), Imperial Oil Ltd (9 percent), Pengrowth Energy Corp (8.4 percent) and Mosbacher Operating Ltd (0.5 percent).
Source : Reuters