Deep Panuke Project Summary

EnCana is developing the Deep Panuke natural gas project in Nova Scotia's offshore. The project involves the installation of the facilities required to produce natural gas from the Deep Panuke field, located about 175 kilometres offshore Nova Scotia. Produced gas will be transported by subsea pipeline to Goldboro, N.S., where it will be transported via the Maritimes & Northeast Pipeline (M&NP) to markets in Eastern Canada and the northeastern United States. First gas from the project is expected in 2010.

• The project was approved for development by EnCana's Board of Directors in October 2007.
• EnCana has entered into an agreement with Single Buoy Moorings Inc. (SBM) to provide the production field centre and operations services contract at Deep Panuke.
• The design capacity of the project is 300 MMcf/d of sales-quality gas.
• Regulatory applications for Deep Panuke were filed in 2006, with approvals granted in 2007.

With an enterprise value of approximately US$65 billion, EnCana is a leading North American unconventional natural gas and integrated oil company. By partnering with employees, community organizations and other businesses, EnCana contributes to the strength and sustainability of the communities where it operates. EnCana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.

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