Deepwater Orphan Basin a big-time oil prospectIndependent 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....
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Water depths 6,600 to 10,000 feet Indications of potential “really spectacular”
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