EnCana’s announcement today, Dec. 3, that it will redesign itsproject plan for the Deep Panuke gas project bodes well for thefuture of Nova Scotia’s offshore petroleum industry, said EnergyMinister Cecil Clarke. “This is good news for Nova Scotia’s offshore and we’ll beworking with EnCana and our federal colleagues to help make DeepPanuke a reality for this province,” said Mr. Clarke. “The levelsof gas pay discovered not only help confirm the reserves at DeepPanuke, they speak well for the potential in the Carbonate Bankoffshore Nova Scotia.” Following the drilling of two successful exploration wells nearthe Deep Panuke natural gas field, EnCana has initiated work on anew plan for a potential offshore development at Deep Panuke. Theminister has met with EnCana and will meet with the company againin Calgary later next week. EnCana has called for streamlinedregulatory processes and Mr. Clarke agrees. “We’ve made real progress on regulatory efficiency in the pastfew months and now we must put that effort to work,” said theminister. “This is our chance to demonstrate that progress byworking with industry and our federal colleagues to ensure weeach do our part to make this project a success.” As part of the commitment made at the Atlantic Energy Roundtable,the Nova Scotia Department of Energy continues to work withindustry and federal and provincial government representatives onways to streamline and improve regulatory processes and approvaltimes in Atlantic Canada’s offshore.