Canada offers ten new parcels off Labrador

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a call for bids offering ten offshore parcels in the Labrador South Region under its Scheduled Land Tenure Regime. 

The C-NLOPB, responsible for the regulation of petroleum-related activity in the Canada-Newfoundland and Labrador offshore area, said on Tuesday that the NL16-CFB03 Call for Bids in the Labrador South Region consists of 10 parcels and a total of 5,669,437 acres.

The regulator added that the sole criterion for selecting a winning bid would be the total amount of money the bidder commits to spending on the exploration of the parcel during Period I, the first period of a nine-year license. The minimum bid for any parcel offered is $10,000,000 in work commitments.

Interested parties will have until either 12:00 p.m. NST (15:30 GMT) on November 8, 2017, or a minimum 120 days after the completion of an update to the Labrador Shelf Offshore Area Strategic Environmental Assessment (SEA), whichever is later, to submit sealed bids for the NL16-CFB03 parcels. The C-NLOPB said it would confirm the closing deadline at a later date.

Earlier this month, the C-NLOPB announced the results of its 2016 call for bids. The Call for Bids NL16-CFB01 in the Eastern Newfoundland Region and Call for Bids NL16-CFB02 in the Jeanne d’Arc Region offered a total of eight parcels with oil major BP being the biggest winner by scooping acreage in four parcels out of eight awarded.

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply