News Releases 2010

C-NLOPB Releases Results for 2010 Call for Bids NL10-01

For Immediate Release
November 19, 2010

The Canada-Newfoundland and Labrador Offshore Petroleum Board
(C-NLOPB) announced today the results of the 2010 Call for Bids NL10-01 (Jeanne d’Arc Basin )for exploration rights in the Newfoundland and Labrador Offshore Area. Bidding closed on November 17, 2010 and successful bids were received on both parcels offered totaling $16,300,000.

The bids represent the expenditures which the bidders commit to make in exploring the respective parcels during Period I. If companies discover significant quantities of petroleum resources as a result of the exploration work, they may then seek a Significant Discovery Licence from the C-NLOPB. Any significant discovery licences issued in respect of lands resulting from these exploration licences will be subject to rentals which will escalate over time.

The following bids have been accepted:

Call for Bids NL10-01 (Jeanne D’Arc Basin)

Parcel 1 (139,617 ha)
Husky Oil Operations Limited (67%)
Repsol E & P Canada Ltd. (33%)

Parcel 2 (29,783 ha)
Husky Oil Operations Limited (50%)
Statoil Canada Ltd. (50%)

Subject to the bidders satisfying the requirements specified in the Call for Bids and Ministerial approval, the Board will issue an exploration licence for both parcels in January 2011. The licences will be for a term of nine years, with an initial period of five years.

Sean Kelly M.A., APR, FCPRS
Manager, Public Relations
(709) 778-1418
(709) 689-0713 (cell)

News Releases 2010

2010, Dec 13Implementation Strategy for the Offshore Helicopter Safety Inquiry Phase I Report Recommendations
2010, Dec 2C-NLOPB Releases Results for 2010 Calls for Bids NL10-02 and NL10-03
2010, Nov 25H2S Levels on SeaRose FPSO
2010, Nov 19C-NLOPB Releases Results for 2010 Call for Bids NL10-01
2010, Nov 17C-NLOPB Releases Offshore Helicopter Safety Inquiry Report, Phase I
2010, Nov 1C-NLOPB to Release Inquiry Report upon Receipt
2010, Oct 29C-NLOPB Announces New Reserve Estimate for the Hibernia Field
2010, Oct 12Hibernia Amendment Application Approved
2010, Oct 7C-NLOPB Amends Terms of Reference for Offshore Helicopter Safety Inquiry to Clarify the Scope of Phase II of the Inquiry
2010, Oct 4C-NLOPB Approves Corridor Resources Geohazard Survey Program
2010, Sep 9International Regulators’ Forum Global Offshore Safety
2010, Sep 82010 Call for Nominations
2010, Aug 30C-NLOPB Releases 2009-10 Annual Report
2010, Aug 2White Rose Development Plan Amendment, West White Rose Pilot Scheme Approved
2010, Jul 22C-NLOPB Makes Operator Oil Spill Response Plans Available
2010, Jul 6C-NLOPB Announces Calls for Bids (Flemish Pass/Central Ridge)
2010, Jun 16Draft Comprehensive Study Report for the Hebron Development Project
2010, May 20C-NLOPB Announces Special Oversight Measures for Orphan Basin Drilling Program
2010, Apr 30Opportunity for Public Comment Hibernia Development Plan Amendment Application (Hibernia Southern Extension)
2010, Apr 30Opportunity for Public Comment Hibernia Development Plan Amendment Application (Hibernia Southern Extension)
2010, Apr 30Preface: Opportunity for Public Comment Hibernia Development Plan Amendment Application (Hibernia Southern Extension)
2010, Apr 30Hibernia Development Plan Amendment Application (Hibernia South Extension) Comments
2010, Apr 20C-NLOPB Announces 2010 Call for Bids
2010, Apr 12Status of Improved Operators’ First Response Search and Rescue
2010, Feb 22Strategic Environmental Assessment Completed for Southern Newfoundland Offshore Area
2010, Feb 12C-NLOPB Advises Operators of Changes to Search and Rescue Practices
2010, Feb 11Commission of Inquiry Terms of Reference Extended