Government Launches Virtual Data Room for Oil and Gas Industry
The Provincial Government launched a virtual data room to provide information on the province’s prospectivity to offshore oil and gas explorers. The virtual data room is available at www.zebradata.com.
The virtual data room includes well data, seismic data, and drilling reports and is supported by stakeholders in the oil and gas industry. Data rooms are common practice in industry and have been successfully used in other jurisdictions.
Zebra Data Services, headquartered in London, U.K., will be supporting government as its service provider. There is no cost to government as the service is user-pay.
The province has five producing fields, more than 650 leads and prospects, and an ongoing, world-class seismic program with more than 20 basins mapped. There have been seven new entrants in the past two years, and $2.6 billion in recent exploration work commitments.