- Questerre Energy (QEC) has filed an application to test a reservoir for carbon storage potential
- The Calgary-based energy technology and innovation company filed application with the Ministry of Energy and Natural Resource in Quebec
- The company holds the exclusive right to explore for storage reservoirs over one million acres in Quebec
- Plans are underway for a 2-D and 3-D seismic survey over areas to identify additional storage reservoirs
- Questerre Energy is up 11.11 per cent, trading at $0.20 at 1:22 pm ET
Questerre Energy (QEC) has filed an application to test a reservoir for carbon storage potential.
The Calgary-based energy technology and innovation company filed application with the Ministry of Energy and Natural Resource in Quebec.
The company holds the exclusive right to explore for storage reservoirs over one million acres in Quebec.
Plans are underway for a 2-D and 3-D seismic survey over areas to identify additional storage reservoirs.
The operation will consist primarily of an injectivity test to gather data on both the safe rate of injection and storage potential.
“This will be the first test of its kind in Quebec and will gather essential technical data. We are well positioned to look for carbon storage reservoirs with a comprehensive geological and geophysical database in the province, much of it exclusive. We hope to jointly work with academic and other groups looking at studying carbon storage potential in Quebec,” said Questerre President and Chief Executive Officer Michael Binnion.
The company remains focused on leveraging its expertise gained through early exposure to low permeability reservoirs to acquire significant high-quality resources.
Questerre Energy is up 11.11 per cent, trading at $0.20 at 1:22 pm ET.