Economic Model
Oil and Gas Exploration Economic Model (Scoping Tool)
The Oil and Gas Exploration Economic Model is an Excel-based model designed to provide screening economics for the evaluation of oil and gas exploration prospects and discoveries on the Nova Scotian shelf
- in the shallow waters around Sable Island, either as tie-ins to existing infrastructure or as stand-alone developments
- in deep water either as stand alone or with subsea tie back to existing infrastructure
The model provides full cycle calculations, from exploration to abandonment, and includes Nova Scotia offshore royalty and provincial and federal corporate income taxes. The government share is incorporated into the cash flow and economic indicator calculations.
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