Lab Canada

R&D funding to attract offshore exploration in Atlantic

Halifax, NS – The Nova Scotia government is granting $100,000 to Petroleum Research Atlantic Canada, a research assocation, to explore the use of electromagnetic imaging technology to help find oil and gas deposits in offshore Nova Scotia.

“Electromagnetic imaging technology has the potential to accelerate the identification of drilling prospects and reduce exploration risk,” says Dave Finn, the association’s president.

The government also says an announcement of nearly $1 million worth of geoscience research work will be made in the coming weeks.