2008-07-07

Geoscience BC Announces Launch of $2.5 Million Nechako Basin Seismic Survey

Geoscience BC is pleased to announce that CGGVeritas of Calgary, Alberta has initiated a Vibroseis seismic reflection survey in the Nechako Basin west of Quesnel, in the heart of the Mountain Pine Beetle affected area of interior BC.

This $2.5 million survey, totaling approximately 350 line-kilometres of new seismic data acquisition, has been funded with $2 million from Geoscience BC and $0.5 million from the Northern Development Initiative Trust Pine Beetle Recovery Account. This project represents a major component of Geoscience BC's interior basins oil and gas geoscience program originally funded in April 2005 with a $5 million grant to Geoscience BC from the Provincial government. The area of the survey is largely contained within the Nazko First Nation's Traditional Territory, and CGGVeritas is providing training and employment opportunities to some members of the Nazko FN.

"Successful oil and gas development in the Nechako Basin has the potential to help offset the economic impacts of the Mountain Pine Beetle infestation," said Richard Neufeld, Minister of Energy, Mines and Petroleum Resources. "We are committed to improving geoscience information and First Nations engagement throughout British Columbia as key parts to the long term success of this initiative and this year's funding of $5.7-million as well as $5-million in 2005 will continue to achieve that goal."