RE: PCQ1 - An oil drilling planned in autumn in La Matapédia
2 - The Bas-Saint-Laurent in the mire researchers oil
1 - After several seismic surveys in the region, the companyPétrolympic conduct an initial drilling in the fall at Val d'Irene, inthe parking lot of north side.
This location was chosen as aresult of the interpretation of seismic surveys and by its ease ofaccess. In addition, the site will reduce the upheaval on nature. Thecompany intends to complete the drilling before the start of the skiseason and rehabilitate the terminal at the end of work.
Thedrilling operation will entail an investment of two million dollars."We will need local businesses for the development of the field and forthe maintenance of the drill (mechanics, welders and electricians). Ateam of 6 to 10 permanent use the services of hotels and restaurants inthe region. The transaction is expected to last two months, if all goeswell, "said geologist and principal consultant of Pétrolympic, PaulLaroche.
Search for clues
"It's a region that haspotential, but we are not sure to find something. It's like a lotteryticket, "said Mr. Laroche. With positive results of studies,Pétrolympic can more easily find venture capital to make additionaldrilling. "With more data, the company will partner with majorcompanies such as Esso and Petro-Canada. If they believe in theproject, they could invest several million in exploration in theregion, "said geologist.
Source: The Avant-Post, 14-06-2008