Nova Scotia Subsurface Energy R&D Investment Program (SERDIP)
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The Nova Scotia Subsurface Energy R&D Investment Program (SERDIP) is a provincial initiative administered by Dalhousie University to evaluate the potential of onshore hydrocarbon resources through controlled research and exploratory drilling. The program seeks industry proponents capable of commencing drilling by 2027 to enhance geological knowledge and assess resource viability while adhering to the Petroleum Resources Act (Energy) and strict environmental stewardship. Successful applicants will negotiate a Petroleum Exploration Agreement with the Province of Nova Scotia, granting exclusive exploration and production rights for an initial three-year term, which may be renewed twice for a total of up to nine years. Financial incentives are provided through a tiered reimbursement structure per well, offering 100 percent reimbursement for the first 2 million CAD and 50 percent for costs thereafter, up to a maximum cap of 5 million CAD per well. Reimbursements are issued upon the full completion of the approved project scope, specifically at the time of rig release. Proponents are evaluated on a weighted basis across four categories: corporate governance and sustainability, technical competency, performance track record in HSE and regulatory compliance, and financial capability. Submissions must be uploaded in PDF format to Dalhousie University's bidding system by November 30, 2026, and must include detailed corporate information, technical project elements, and an indicative budget.
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