News Releases 2008

C-NLOPB Releases 2007/08 Annual Report

For Immediate Release
July 10, 2008

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) released its Annual Report for 2007/08 today, available in both English and French.

2007/08 was an exciting year for the C-NLOPB, as the Board embarked on an era of change and refinement through initiatives aimed at improving regulatory effectiveness and efficiency. The regulatory environment impacts industry decisions and the competitiveness of a region by encouraging or discouraging exploration and development. The Board has therefore been streamlining and consolidating the number of Authorizations and Approvals issued to oil and gas companies operating in the Newfoundland and Labrador Offshore Area without compromising safety, environmental protection, resource conservation or industrial benefits.

In 2007, the C-NLOPB changed its auditing process from focused quarterly audits to an Integrated Safety and Environmental Audit of the operator’s entire safety and environmental management system. This change has not diminished the importance of worker safety or environmental protection, as Safety Officers and Environmental Compliance Officers continue to visit each installation every quarter to conduct inspections

Also in 2007, the Board initiated a Strategic Environmental Assessment (SEA) for the Labrador Shelf and formed a multi-stakeholder working group. Co-chaired by representatives from the C-NLOPB and the Nunatsiavut Government, a draft SEA report was released for public comment in March, 2008.

In 2007, the Board issued a Call for Bids for 5 parcels of land, four in Labrador and one on the West Coast of the Province. The four parcels in Labrador represent the first ever Call for Bids by the C-NLOPB for the Labrador Offshore Area. Bidding is expected to close on four parcels of land in September 2008. The C-NLOPB accepted a bid in the amount of $1,521,000 for the West Coast parcel which is composed of 51,780 ha. The bid represents the expenditure which the bidder is committed to make in exploring the parcel during the initial 5-year period of a 9-year-term exploration license.

As of December 31, 2007, 2,851 persons were working in direct support of petroleum related activity in the Newfoundland and Labrador Offshore Area, accounting for almost 1.3% of the total employment in the province. During 2007, expenditures related to work in this area amounted to $1.4 billion, while the oil and gas sector directly accounted for 35% of the province’s nominal Gross Domestic Product (GDP). As of March 31, 2008, 37 Exploration Licences had been issued in the Newfoundland and Labrador Offshore Area and work expenditures commitments by operators currently total more than $731 million in future exploration activities.

Max Ruelokke, Chairman and Chief Executive Officer of the C-NLOPB, said that the dedication and commitment of Board staff and their ability to perform extremely well in challenging circumstances made 2007/08 a successful year. Mr. Ruelokke commended the staff of the C-NLOPB for their superb performance and continued hard work.

Further information on the C-NLOPB and a copy of the Annual Report for 2007/08 is available from the Board’s web site at

Media Contact:
Sean Kelly APR
Manager, Public Relations
(709) 778-1418

News Releases 2008

2008, Dec 1C-NLOPB Releases Results of 2008 Call for Bids, NL08-3 and NL08-4 Sydney Basin and Western Newfoundland and Labrador Offshore Region
2008, Nov 17C-NLOPB Releases Results of 2008 Call for Bids, NL08-1 and NL08-2 Central Ridge/Flemish Pass and Jeanne d’Arc Basin
2008, Oct 6C-NLOPB Responds To Journal Article
2008, Sep 11C-NLOPB Releases Results of 2007 Land Sale for Labrador Offshore Region (Call for Bids NL07-2)
2008, Aug 28Strategic Environmental Assessment Labrador Shelf Offshore Area Completed
2008, Jul 10C-NLOPB Releases 2007/08 Annual Report
2008, Jun 62008 CALLS FOR BIDS
2008, Apr 2Husky Energy’s North Amethyst Extension Approved by Governments
2008, Apr 2Husky Energy’s North Amethyst Extension Approved by Governments
2008, Mar 25Comments Invited on Draft Strategic Environmental Assessment Report for Labrador Shelf Offshore Area
2008, Feb 26C-NLOPB Responds to Auditor General’s Report
2008, Feb 5White Rose Development Plan Amendment SeaRose FPSO Modifications Withdrawn By Proponent
2008, Jan 17C-NLOPB announces Landmark as successful bidder for Digital Petroleum Data Management System