News Releases 2016

C-NLOPB Releases Results for 2016 Calls for Bids

For Immediate Release
November 9, 2016

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is announcing the results of Call for Bids NL16-CFB01 in the Eastern Newfoundland Region and Call for Bids NL16-CFB02 in the Jeanne d’Arc Region, both located in the Canada-Newfoundland and Labrador Offshore Area. The sole criterion for selecting a winning bid is the total amount of money the bidder commits to spend on exploration of the parcel during Period I (the first period of a nine-year licence). The minimum bid for each parcel offered is $10,000,000 in work commitments.

The total value of both Calls for Bids is $757,989,794 in work commitments. The results of each Call for Bids are listed below.

Call for Bids NL16-CFB01 (Eastern Newfoundland Region)

Call for Bids NL16-CFB01 (Eastern Newfoundland Region) offered 13 parcels totaling 2 949 252 hectares.

The total value of the bids is $513,972,018 in work commitments. Overall, seven bids were submitted and six parcels were awarded in the NL16-CFB01 licencing round, with the results as follows:

2016 Call for Bids Results NL16-CFB01 (Eastern Newfoundland Region)
Parcel Hectares Successful Bidders Successful Bid Amount
Parcel 3 233 654 BP Canada Energy Group ULC (50%)
Hess Canada Oil and Gas ULC (25%)
Noble Energy Canada LLC (25%)
$276,305,000
Parcel 4 192 807 BP Canada Energy Group ULC (50%)
Hess Canada Oil and Gas ULC (25%)
Noble Energy Canada LLC (25%)
$12,050,000
Parcel 7 202 138 Navitas Petroleum Ltd. (30%)
DKL Investments Ltd. (70%)
$48,000,018
Parcel 8 252 482 BP Canada Energy Group ULC (50%)
Hess Canada Oil and Gas ULC (25%)
Noble Energy Canada LLC (25%)
$125,250,000
Parcel 10 264 249 BP Canada Energy Group ULC (60%)
Noble Energy Canada LLC (40%)
$12,200,000
Parcel 13 169 578 Nexen Energy ULC (100%) $40,167,000
Total Successful Bid Amount $513,972,018

  • PDF version of the table is available here
  • PDF Call for Bids NL16-CFB01 Parcels map


  • Call for Bids NL16-CFB02 (Jeanne d’Arc Region)

    Call for Bids NL16-CFB02 (Jeanne d’Arc Region) offered three parcels totaling 353 843 hectares.

    The total value of the bids is $244,017,776 in work commitments. Overall, three bids were submitted and two parcels were awarded in the NL16-CFB02 licencing round, with the results as follows:

    2016 Call for Bids Results NL16-CFB02 (Jeanne d’Arc Region)
    Parcel Hectares Successful Bidders Successful Bid Amount
    Parcel 1 138 339 Husky Oil Operations Limited (100%) $155,008,888
    Parcel 2
    73 235
    Husky Oil Operations Limited (100%) $89,008,888
    Total Successful Bid Amount $244,017,776

  • PDF version of the table is available here
  • PDF Call for Bids NL16-CFB02 Parcels map


  • Subject to the bidders satisfying the requirements specified in Call for Bids NL16-CFB01 and NL16-CFB02 and upon receiving Ministerial approval, the Board will issue exploration licences to the successful bidders in January 2017.



    Media Contact:

    Sean Kelly APR, FCPRS
    Manager, Public Relations
    (709) 778-1418
    (709) 689-0713 (cell)
    skelly@cnlopb.ca


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