Encana accepts Deep Panuke gas test

December 17, 2013

Encana's Deep Panuke production platform off Nova Scotia, CanadaEncana Corp.  today announced the Production Acceptance Notice (PAN) at the company's Deep Panuke offshore Nova Scotia project, issued after successful completion of a performance test of the platform. The Deep Panuke project is designed to produce up to 300 MMcf/d of natural gas from four wells.

"This is a major milestone for the Deep Panuke project," said Mike McAllister, Encana Executive Vice President & Chief Operating Officer. "I want to acknowledge the dedication and hard work undertaken by many individuals and organizations - the team in Halifax, contractors and service providers - to safely reach full production at the Deep Panuke platform."

Encana has an agreement for the purchase of 100% of the production from the platform. Pricing is tied to the strong US northeast market, which recorded a six-and-a-half month price high for the commodity in early December 2013.

The Deep Panuke project produces and processes natural gas from the Deep Panuke field, approximately 250km (155 mi.) southeast of Halifax, Nova Scotia on the Scotian Shelf. Natural gas from Deep Panuke is processed offshore and transported, via subsea pipeline, to Goldboro, Nova Scotia where it interconnects with the Maritimes & Northeast Pipeline.

For additional Deep Panuke project photos and offshore b-roll, visit: http://www.encana.com/news-stories/multimedia-gallery/



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