News Releases 2007

2007 Calls for Bids

For Immediate Release
May 18, 2007

The Canada-Newfoundland and Labrador Offshore Petroleum Board today announces details of the 2007 land sales in the Newfoundland and Labrador Offshore Area. This year, there will be two separate Calls for Bids. Call for Bids NL07-1 (Western Newfoundland and Labrador Offshore Region) will consist of one parcel and Call for Bids NL07-2 (Labrador Offshore Region) will consist of four parcels. These parcels comprise a total of 991,458 hectares.

Interested parties will have until 4:00 p.m. on November 30, 2007 to submit sealed bids for Call for Bids NL07-1 (Western Newfoundland and Labrador Offshore Region). The Board will conduct a Strategic Environmental Assessment (Western Newfoundland and Labrador Offshore Area, amendment) to include the one parcel offered in Call for Bids NL07-1. A draft of the SEA report will be published on the Board’s website for public comment when it becomes available. The Board will consider any recommendations made in the SEA Report and, where necessary, may amend the respective Call for Bids to ensure concerns are addressed.

Interested parties will have until 4:00 p.m. on August 1, 2008 to submit sealed bids for Call for Bids NL07-2 (Labrador Offshore Region). The Board will conduct a Strategic Environmental Assessment (Labrador Offshore Area) to include the four parcels offered in Call for Bids NL07-2. A draft of the SEA report will be published on the Board’s website for public comment when it becomes available. The Board will consider any recommendations made in the SEA Report and, where necessary, may amend the respective Call for Bids to ensure concerns are addressed.

Notification of any changes made to these 2007 Calls for Bids will be posted on the Board’s website, including any extensions to the submission dates to accommodate the completion of SEA Reports.

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 Period I. The minimum bid for each parcel offered in the 2007 Calls for Bids is one million dollars.

Both 2007 Calls for Bids contain provisions for rentals during the term of an exploration licence and during the term of any resulting significant discovery licence. Each Call for Bids contains a sample exploration licence and a sample significant discovery licence.

Subject to Ministerial approval, successful bidders will be issued an exploration licence for a term of 9 years; however, during Period I, a well must be spudded to validate the licence for the full 9-year term. Period I may be extended by one year by posting an additional deposit of one million dollars as security for drilling a well on a parcel.

For a complete copy of the text of either of these 2007 Calls for Bids, visit the C-NLOPB website at www.cnlopb.nl.ca .

SOURCE:
Jacqueline Glynn
Legal Counsel
(709) 778-1408

Media Contact:
Sean Kelly APR
Manager, Public Relations
(709) 778-1418
skelly@cnlopb.nl.ca


News Releases 2007

DateUpdate
2007, Dec 42007 Land Sale Results
2007, Nov 30Opportunity For Comment on the North Amethyst Development Plan and White Rose Development Plan Amendment
2007, Nov 30Opportunity For Comment on the North Amethyst Development Plan and White Rose Development Plan Amendment
2007, Nov 30Opportunity For Comment on the North Amethyst Development Plan and White Rose Development Plan Amendment
2007, Nov 16C-NLOPB Marks 10th Anniversary of First Oil
2007, Sep 7Governments Approve Husky Energy’s South White Rose Extension
2007, Jul 30C-NLOPB Responds to Criticisms about Evacuation Systems on Offshore Oil and Gas Facilities
2007, Jul 13Western Newfoundland and Labrador Strategic Environmental Assessment Amendment to the 2005 SEA Report
2007, Jul 11Two Companies Successfully Pre-Qualified to Bid on Petroleum Digital Data Management System RFP
2007, Jun 21C-NLOPB Annual Report Released
2007, May 182007 Calls for Bids
2007, Apr 20C-NLOPB Invites Comments On Draft Scoping Document For Labrador Shelf Strategic Environmental Assessment
2007, Apr 20C-NLOPB Invites Comments On Draft Scoping Document For Labrador Shelf Strategic Environmental Assessment
2007, Apr 16C-NLOPB Congratulates NOIA On Its 30 Year Anniversary and The Winners Of The NOIA Community Champion Awards
2007, Apr 2White Rose Production Volume Increase Amendment
2007, Jan 14White Rose Development Plan Amendment Comments
2007, Jan 12Opportunity For Comment White Rose Development Plan Amendment South White Rose Extension Tie-Back
2007, Jan 12Opportunity For Comment White Rose Development Plan Amendment South White Rose Extension Tie-Back
2007, Jan 12Opportunity For Comment White Rose Development Plan Amendment South White Rose Extension Tie-Back
2007, Jan 5Explanation of the Production Operations Authorization