BP Canada Comes up Dry in Scotian Basin

The first of what could be as many as seven exploratory wells in the Scotian Basin is being plugged and abandoned by BP Canada after the drilling project failed to find commercial quantities of hydrocarbons. The Hess Corporation, which holds a 50 per cent interest in the Scotian Basin Exploration Drilling Program, announced on November 9 that drilling of the Aspy exploration well in offshore Nova Scotia had reached a total depth of 7,400 meters. “The prospect did not encounter commerc...