News Releases 2014

C-NLOPB Releases Results for Calls for Bids NL13-01, NL13-02 and NL14-01

For Immediate Release
December 12, 2014

The Canada-Newfoundland and Labrador Offshore Petroleum Board
(C-NLOPB) announced today the results of Call for Bids NL13-01 (Area “C” – Flemish Pass), Call for Bids NL13-02 (Area “C” – Carson Basin) and Call for Bids NL14-01 (Jeanne d’Arc Region) for exploration rights in the Canada-Newfoundland and Labrador Offshore Area. The result for Call for Bids NL13-01 ($559,000,000.00) is the largest bid on a parcel in the history of the Canada-Newfoundland and Labrador Offshore Area.

Call for Bids NL13-01 (Flemish Pass)

The following bid, based upon the single work commitment criteria, has been accepted:

Parcel 1 (266 139 ha)

ExxonMobil Canada Ltd. 40%
Suncor Energy Inc. 30%
ConocoPhillips Canada Resources Corp. 30%

Total: $559,000,000.00

Call for Bids NL13-02 (Carson Basin)

The following bid, based upon the single work commitment criteria, has been accepted:

Parcel 2 (288 800 ha)

ExxonMobil Canada Ltd. 50%
Suncor Energy Inc. 50%

Total: $21,000,000.00

Parcel 1 (285 864 ha)

No bids were received.

Parcel 3 (291 310 ha)

No bids were received.

Parcel 4 (272 425 ha)

No bids were received.

Call for Bids NL14-01 (Jeanne d’Arc Region)

The following bid, based upon the single work commitment criteria, has been accepted:

Parcel 1 (108 938 ha)

ExxonMobil Canada Ltd. 100%

Total: $16,700,000.00

Subject to the bidders satisfying the requirements specified in Call for Bids NL13-01, Call for Bids NL13-02 and Call for Bids NL14-01 and upon receiving Ministerial approval, the Board will issue exploration licences for all three parcels in January 2015.

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


News Releases 2014

DateUpdate
2014, Dec 16C-NLOPB Announces Update of Reserve Estimate for the Hibernia Field
2014, Dec 12C-NLOPB Releases Results for Calls for Bids NL13-01, NL13-02 and NL14-01
2014, Nov 14C-NLOPB announces results of Call for Bids NL13-03
2014, Nov 13Offshore safety conference draws international experts to Newfoundland and Labrador
2014, Sep 30C-NLOPB Statement on the Dedication of the Offshore Helicopter Accident Memorial
2014, Sep 29White Rose Extension Project Public Review Report Released
2014, Aug 21C-NLOPB issues Calls for Nominations for Offshore Lands
2014, Aug 5Eastern Newfoundland Strategic Environmental Assessment now available
2014, Aug 5NOTICE TO POTENTIAL BIDDERS CALL FOR BIDS NL13-01 (Area “C” – Flemish Pass) CALL FOR BIDS NL13-02 (Area “C” – Carson Basin) CALL FOR BIDS NL14-01 (Jeanne d’Arc Region)
2014, Jun 12Harris Centre to Conduct Public Review of White Rose Extension Development Plan Amendment
2014, Jun 11C-NLOPB Announces 2014 Call for Bids (Jeanne d’Arc Region)
2014, May 22Notice to Potential Bidders re: Eastern Newfoundland Region Sector Identification
2014, May 22Notice to Potential Bidders re: Labrador South Region Sector Identification
2014, May 20NOTICE TO POTENTIAL BIDDERS CALL FOR BIDS NL13-01 (Area “C” – Flemish Pass) AND CALL FOR BIDS NL13-02 (Area “C” – Carson Basin)
2014, May 15Notice to Potential Bidders Call for Bids NL13-03 (Area “B” – Western Newfoundland and Labrador Offshore Region)
2014, May 7L’OCTNLHE diffuse la Mise à jour de l’évaluation environnementale stratégique de la zone extracôtière de l’Ouest de Terre-Neuve et du Labrador
2014, May 5C-NLOPB Delivers Western Newfoundland and Labrador Offshore Area Strategic Environmental Assessment Update
2014, Mar 11As the C-NLOPB remembers those lost, work continues to improve offshore helicopter passenger safety
2014, Mar 10Notice to Potential Nominators – Areas of Interest
2014, Mar 5C-NLOPB Invites Comments on Draft Eastern Newfoundland Strategic Environmental Assessment Report