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Vol. 9, No. 3 Week of January 18, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


Deepwater Orphan Basin a big-time oil prospect

Independent seismic rates reserves at 6-8 billion barrels, bigger than anything in North America except Alaska’s Prudhoe Bay field

Gary Park

Petroleum News Calgary correspondent

Speculative seismic could thrust Newfoundland’s deepwater Orphan Basin into the big leagues, if drilling is able to back up the results. Geophysical Service Inc., which operates primarily out of Calgary and Houston, has rated the potential of the basin at 6 billion to 8 billion barrels — surpassing....

    [additional news subjects in this story]

Water depths 6,600 to 10,000 feet

Indications of potential “really spectacular”


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