Encana Extends Deep Panuke Field Maintenance to NovemberRebecca Penty
Encana Corp., the second-largest Canadian producer of natural gas, plans to extend to November maintenance that shut its Deep Panuke field off the nation’s Atlantic Coast this month.
The extra work “should maximize reliability during the winter months of high seasonal demand,” Jay Averill, a spokesman for Calgary-based Encana, said in an e-mail today. “We intend to keep the platform off line until November.”
Encana had planned a roughly two-week shutdown to study rising levels of water produced alongside gas at Deep Panuke, as it seeks to improve output during periods of higher prices for the heating- and power plant fuel, Greg Pardy, an analyst at RBC Capital Markets in Toronto, said today in a note.
Gas produced from Deep Panuke, a field 250 kilometers (155 miles) southeast of Halifax on the Scotian Shelf, is processed offshore and transported through a subsea pipeline to Goldboro, Nova Scotia, where it connects with the Maritimes and Northeast Pipeline that supplies the U.S. Northeast.
Output from the field averaged 149 million cubic feet a day in September, according to Canada-Nova Scotia Offshore Petroleum Board data compiled by Bloomberg. That compares with about 291 million cubic feet a day in January during a cold snap across much of North America.
Canadian Natural Resources Ltd. is the nation’s largest gas producer.