Improved Availability of Prince Edward Island Well Data

In its continuing effort to preserve and improve access to oil and natural gas exploratory data in the province, the Prince Edward Island Energy Corporation recently entered into a contract with Investco Inc. of Calgary, Alberta to scan and digitize various sets of well data.

Under the terms of the agreement, Investco becomes the exclusive distributor of PEI’s well logs and drilling reports. That initially includes 15 onshore and offshore exploratory wells. Additional information will be provided to Investco from future drilling operations when this data passes into the public domain, in compliance with the PEI Oil and Natural Gas Act confidentiality conditions.

Prince Edward Island is situated in the Maritimes Basin of Eastern Canada, a vast lightly-explored region that has shown hydrocarbon potential. An immediate concern for companies interested in exploring in this area is accessing previous drilling information.

Through the services of Investco, PEI well data is readily available in a complete and consolidated format for the exploration community. Just as importantly, the collaboration of Investco and the Prince Edward Island Energy Corporation ensures this information is retained for future use.