News Release Archive

NATURAL RESOURCES--SABLE CONTRACTS MORE GOOD NEWS
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"More good news for Nova Scotia," is Natural Resources Minister
Eleanor Norrie's reaction to an announcement by the Sable
Offshore Energy Project proponents that three construction
contracts have been awarded for the Sable natural gas project.

The largest contract, for procurement and management services
associated with construction of a gas processing plant in
Guysborough county and related facilities in the Strait of Canso,
is estimated to be worth about $106 million.

"Nova Scotia will benefit substantially from this particular
contract," said Mrs. Norrie. "Canadian content will be 100 per
cent, with an estimated Nova Scotia content of 85 per cent in
terms of both jobs and dollar value. We look forward to the
management and procurement aspects of this contract being
administered from a Nova Scotia office."

The two other contracts are for fabrication of jackets and decks
for offshore platforms at the Thebaud and Venture gas fields.

"Awarding of these contracts prior to project approval is a clear
indication the proponents are serious about moving forward with
Sable gas development," said Mrs. Norrie. "This can only be good
news for Nova Scotia and for our future as a producer of natural
gas."

Mrs. Norrie also noted that, in addition to the construction
contract announcements, Nova Scotia companies are already
providing approximately $28 million worth of goods and services
for preliminary phases of the Sable gas project. This includes a
$13 million contract to MM Industria Ltd. of Dartmouth for
fabrication of drilling jackets for the Thebaud and Venture
platforms.

That particular contract, which created 100 jobs at MM
Industria's Dartmouth facility, was awarded in May.

"These concrete and positive developments clearly demonstrate
that the Sable project is already having a positive impact on
jobs and the economy in Nova Scotia," said Mrs. Norrie.

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Contact: Blain Henshaw
         Department of Natural Resources
         902-424-5252

trp                      June 4, 1997 - 5:45 p.m.