A detailed evaluation of the Southern Grand Banks petroleum system offshore Atlantic Canada has identified a new oil presence, Applied Petroleum Technology reported. A detailed evaluation of the Southern Grand Banks petroleum system offshore Atlantic Canada has identified a new oil presence, Applied Petroleum Technology (APT) reported Thursday. The study revealed Lower Jurassic source rocks and a genetically related set of oil shows that until now had been unrecognized, APT noted in a written statement emailed to Rigzone. The Norway-based firm noted that it sampled and analyzed drill cuttings from 13 key Southern Grand Banks wells. It explained the actions enabled it to assess source potential and possible oil staining and evaluate thermal history, providing new insights about the potential of Lower Jurassic petroleum systems in the Northern Atlantic Canada region. “Some of our geochemical analyses were conducted on drill cuttings that are almost 50 years old, which confirms […]