FPSO operator SBM Offshore has safely de-installed The Deep Panuke MOPU from four wells in an offshore field located approximately 250 kilometers southeast of Halifax, Canada
The Deep Panuke Offshore Gas Development Project is operated by Ovintiv Canada ULC (formerly Encana). Natural gas was produced from the Abenaki Formation carbonate reservoir by four production wells.
Production began in August 2013, and was permanently shut-in in May 2018 for decommissioning and abandonment.
The Deep Panuke Offshore Gas Development Project operated on a seasonal basis from 2015-2018, with production only during the colder winter months, when natural gas prices were higher.
The Deep Panuke Offshore Gas Development Plan estimated the most likely volume of natural gas that would be produced, over the expected production life of 13 years, to be 17.8 billion cubic meters or 632 billion cubic feet.