Exploration Licenses

 

As part of its storage operations, Intragaz acquired exploration licenses in Quebec. These licenses cover exploration projects for storage in conventional geological formations as well as in salt caverns.

In most cases, Intragaz operated its licenses alone. Farm-out agreements were signed with Talisman Energy (now Repsol) in 2006 on the Villeroy license and with Gastem in 2007 on the Joly license. Both companies have subsequently carried out drilling activities and continue to analyze the potential of these sites.

Intragaz’s exploration licenses are well located to take advantage of the recent interest for unconventional gas (shale gas). The expertise of its employees, the location of its storage facilities and the proximity of the transportation infrastructure of gas puts Intragaz in an advantageous position to benefit from the potential development of this geological area.