The Canada-Newfoundland and Labrador Offshore Petroleum Board
(C-NLOPB) is today announcing details of the first call for bids round in the Eastern Newfoundland Region under the Scheduled Land Tenure Regime in the Canada-Newfoundland and Labrador Offshore Area.

• Call for Bids NL15-01EN (Eastern Newfoundland Region) consists of 11 parcels and a total of 2,581,655 hectares.

Further detailed information about this Call for Bids is available here.

Interested parties will have until 12:00 p.m. NST on November 12, 2015 (noting that November 11, 2015 is a statutory holiday in Newfoundland and Labrador) to submit sealed bids for the parcels offered in Call for Bids NL15-01EN. The sole criterion for selecting a winning bid will be the total amount of money the bidder commits to spend on exploration of the parcel during Period I (the first period of a nine-year licence). The minimum bid for the parcel offered is $10,000,000 in work commitments.

Notification of any changes to this Call for Bids will be posted on the Board’s website.

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