Nunavut Oil and Gas Deposits Likely Much Lower than Previously Believed: Federal Research Scientist

Nunavut oil and gas deposits likely much lower than previously believed: federal research scientist

How much oil and gas is under Nunavut’s oil and waters has likely been overestimated, in part due to a “hype cycle” around extracting resources from the Arctic, according to Keith Dewing, a research scientist at the Geological Survey of Canada. The most accurate study estimated that 58.3 trillion cubic feet of natural gas is in Nunavut, a 2009 Drummond Consulting report for Northern Affairs Canada found. That’s less than half of what Natural Res…

Nunavut oil and gas deposits likely much lower than previously believed: federal research scientist - Yellowknifer

How much oil and gas is under Nunavut’s oil and waters has likely been overestimated, in part due to a “hype cycle” around extracting resources from the Arctic, according to Keith Dewing, a research scientist at the Geological Survey of Canada. The most accurate study estimated that 58.3 trillion cubic feet of natural gas is in Nunavut, a 2009 Drummond Consulting report for Northern Affairs Canada found. That’s less than half of what Natural Res…