B.C. government probes unexplored basins - May 18, 2003

Providing coverage of Alaska and northern Canada's oil and gas industryMay 2003

Vol. 8, No. 20

Week of May 18, 2003

B.C. government probes unexplored basins

Gary Park, Petroleum News Calgary correspondent

A four-year project has been launched by the British Columbia government to assess the resource potential of its Cordillerian sedimentary basins, starting with Bowser and Sustut in the northwest corner. Long a source of coal production, the region is now thought to hold conventional and unconventional resource potential of 32 to 48 trillion cubic feet, far ahead of a 1985 projection of 8.3 trillion cubic feet of gas and 2.5 billion barrels of oil. The increase mostly reflects calculations of coalbed methane potential.

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