Canada will have one less pipeline, and a depleted source of natural gas exports to the U.S. Northeast will vanish next year, when the Sable Offshore Energy Project (SOEP) begins winding down its operations.
Articles from Soep
A target date of 2021 has been set to eliminate the last trace of Canada’s depleted 19-year-old Atlantic natural gas production network on the seafloor near Sable Island and the east coast of Nova Scotia.
The owners of the Sable Offshore Energy Project (SOEP), off Nova Scotia, announced Monday the awarding of contracts for Tier 2, or second phase, of the project that is expected to produce a total in excess of 600 MMcf/d and 24 thousand bbl/d of liquids by 2003 when both tiers are up and running, according to estimates by part-owner ExxonMobil. Current production averages 550 MMcf/d of sales gas and 20,000 bbl of natural gas liquids.
Interest in gas from the Sable Offshore Energy Project (SOEP) isgrowing in the Northeast. BP Amoco said it will market some of theproduction, and a distribution franchise has been awarded to servethe province of New Brunswick. Long-term gas and oil supplies fromAtlantic Canada could play a major role in meeting Northeastdemand, according to a recent study.