Deep Panuke Offshore Gas Development Project

(EnCana's Deep Panuke Offshore Gas Development Project)

The proposed Deep Panuke Offshore Gas Development Project (the Project) involves the production of natural gas from an offshore field located approximately 250 km southeast of Halifax and the transportation of that gas via subsea pipeline to shore, and ultimately, to markets in Canada and the United States. Production is scheduled to begin in 2010 and is anticipated to continue for a mean production life of 13 years. Over the life of the Project up to 25.1 E9M3 (892 Bcf) of natural gas will be produced through a facility sized for a peak gas rate of 8.5 E6M3/d (300 MMscf/d). The Project will utilize a jack-up type Mobile Offshore Production Unit (MOPU) tied back to production wells with subsea flowlines and umbilicals.

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) approved, with conditions, the Deep Panuke Canada Nova Scotia Benefits Plan and Development Plan on September 10, 2007. The CNSOPB's Decision Report can be found at www.cnsopb.ns.ca

More information can be found at:

http://www.encana.com/operations/canada/deeppanuke/index.htm