News Releases 1998

1998 Call for Bids

For Immediate Release
March 10, 1998

The Canada-Newfoundland Offshore Petroleum Board has announced that there will be a 1998 Call for Bids in the Newfoundland offshore area. The Call will comprise thirteen parcels (refer to attached plat), six located in the Jeanne d’Arc Basin (Parcel Nos. 6 to 11), three in the Outer Ridge Complex (Parcel Nos. 3 to 5), two in the Flemish Pass Basin (Parcel Nos. 1 and 2) and two adjacent to the North Grand Bank Basin (Parcel Nos. 12 and 13). These parcels comprise a total of 801,053 hectares.

Interested parties will have until 4:00 p.m. on September 16, 1998 to submit sealed bids. The sole criterion for selecting winning bids will be the total amount of money the bidder commits to spend on exploration of the respective parcel during the first 5 years. The minimum bid for all parcels is $1 million. Successful bidders will be issued an exploration licence for a term of 9 years, during the first 5 years of which, a well must be drilled to validate the licence for the full 9-year term.

For a complete copy of the text of this Call for Bids visit the C-NOPB website at:

.

For further information, please contact:

John G. Fitzgerald
Chairman(Acting)
Tel: (709) 778-1452

D. Angus Taylor
Manager, Legal and Land
Tel: (709) 778-1458


News Releases 1998

DateUpdate
1998, Dec 22C-NLOPB Restricts Oil Production at Hibernia
1998, Dec 41998 Maps / Cartes
1998, Dec 3C-NOPB DECLARES CONFIGURATION OF TERRA NOVA COMMERCIAL DISCOVERY AREA
1998, Sep 181998 LAND SALE RESULTS
1998, Aug 21C-NOPB Releases its Decision Respecting the Application by the Terra Nova Alliance to use alternate standards for the selection of structural materials and the fabrication of the topsides modules for the Terra Nova Production System.
1998, Aug 21Backgrounder – The Role of the Certifying Authority
1998, Aug 21Backgrounder – C-NLOPB’s Regulatory Query Process
1998, Jul 15Terra Nova Engineering
1998, Jul 7HIBERNIA GEMEVAC INCIDENT
1998, Jun 30TERRA NOVA ENGINEERING
1998, Jun 17C-NOPB MAKES SIGNIFICANT DISCOVERY DECLARATION
1998, May 13NEW CHAIR AND CHIEF EXECUTIVE OFFICER APPOINTED FOR THE CANADA-NEWFOUNDLAND OFFSHORE PETROLEUM BOARD
1998, Mar 101998 Call for Bids
1998, Jan 15C-NLOPB APPROVES TERRA NOVA CANADA-NEWFOUNDLAND BENEFITS PLAN AND DEVELOPMENT PLAN
1998, Jan 15C-NLOPB APPROVES TERRA NOVA CANADA-NEWFOUNDLAND BENEFITS PLAN AND DEVELOPMENT PLAN
1998, Jan 15L’OFFICE CANADA – TERRE-NEUVE DES HYDROCARBURES EXTRACôTIERS APPROUVE LE PLAN DE RETOMBéES éCONOMIQUES ET LE PLAN DE MISE EN VALEUR DE TERRA NOVA
1998, Jan 141997 LAND SALE RESULTS