1 January 2004
Canada: If at first you don’t succeed …
ENCANA is making a fresh start on Canada's second offshore natural gas project, bolstered by breakthroughs in exploration drilling, but is unsure whether all the pieces will come together. The Canadian independent, after a 10-month review of the economics, withdrew regulatory applications for the C$1.1bn ($0.85bn) development of Nova Scotia's Deep Panuke field and is weighing up a scaled-down version. As part of taking a less ambitious approach, EnCana has pointed to a possible new working arrangement that could involve sharing infrastructure at the nearby Sable Offshore Energy Project, which has been producing for four years. It has also put pressure on Canada's National Energy Board and th
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