The first attempt at exploration of the western, shallow water region of the basin began in 1969 with Shell Canada.
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A wide Mesozoic rift zone, the Basin spans 160,000 square kilometres and has been studied and explored by the oil & gas companies ExxonMobil, Chevron, Imperial Oil, and Shell Canada.
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The current Chevron well in the Basin is almost twice as deep as the Deepwater Horizon well in the Gulf, possibly posing increased risk for blowout preventer failure.
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It should be noted that if an oil spill akin to that of the Deepwater Horizon in the Gulf of Mexico (2010) occurred in the Basin, the environmental repercussions could be even worse.
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