Companies walking away from Nova Scotia prospectsFive operators allow 12 licenses to lapse; 10 more set to expire at year’s end; hopes now hang on Marathon Canada well, Canadian Superior promise Gary Park Petroleum News Calgary Correspondent
It’s not yet a full-scale stampede, but the sound of footsteps is building offshore Nova Scotia.
Unable to find buyers or other partners and unwilling to take the gamble themselves, five companies allowed a combined 12 exploration licenses carrying C$280 million in work commitments to expire June 30....
[additional news subjects in this story]
ExxonMobil drops most licenses Three operators have leases expiring at end of year
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