Exploration Economic Model

The Gas and Associated Liquids Exploration Economic Model has been made available by the Nova Scotia Department of Energy. This model is designed to provide screening economics for the evaluation of gas exploration prospects and discoveries on the Nova Scotian shelf in the shallow waters around Sable Island, either as tie-ins to existing infrastructure or as stand-alone developments, and in deep water with potential as subsea tie-ins to existing infrastructure.

The model provides full calculations for Nova Scotia offshore royalty and provincial and federal corporate income taxes and these are incorporated into the cash flow and economic indicator calculations.

 Gas and Associated Liquids Exploration Economic Model Manual

 Gas and Associated Liquids Exploration Economic Model

In late 2007, the Nova Scotia Department of Energy (Energy) commissioned the development of a risk based offshore economic model, in Microsoft Excel format, that allows exploration and scoping economics to be performed for small field exploration and development (gas and oil) in the offshore Sable Island area of Nova Scotia. Energy is in the process of modifying this model to perform scoping economics for large oil and large gas exploration and development projects in offshore Nova Scotia. The current beta version of the model is available free of charge at the following web site: www.gov.ns.ca/energy/oil-gas/offshore/economic-scoping-tool
The new version of the model is expected to be available at the same web site, free of charge, in January, 2009.