NEB and GNWT study finds 200 billion barrels of oil in the Sahtu – CBC
May 25, 2015
The National Energy Board and the Northwest Territories government estimate there’s close to 200 billion barrels of oil in the Sahtu region of the territory.
They evaluated the Canol and Bluefish shale fields near Norman Wells and Tulita.
The groups conducted a joint study near Norman Wells and Tulita: “Assessment of Unconventional Petroleum Resources of the Bluefish Shale and the Canol Shale in the Northwest Territories” — the first publicly-released study about how much oil could be in the ground there.
It found more drilling is needed to determine if the deposits are commercially viable.
