News Releases 2015

C-NLOPB Releases Results for 2015 Call for Bids

For Immediate Release
November 12, 2015

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is announcing the results of the first Call for Bids in the Eastern Newfoundland Region under the Scheduled Land Tenure System in the Canada-Newfoundland and Labrador Offshore Area.

Call for Bids NL15-01EN offered 11 parcels totaling 2,581,655 hectares. The sole criterion for selecting a winning bid is 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 each parcel offered is $10,000,000 in work commitments.

The total value of the bids is $1,204,953,713 in work commitments. Overall, 13 bids were submitted, 9 companies participated and 7 parcels were awarded in the NL15-01EN licencing round, with the results as follows:

2015 Call for Bids Results (NL15-01EN)

ParcelHectaresSuccessful BidderSuccessful Bid Amount
NL15-01-01269 024NANA
NL15-01-02274 732Chevron Canada Limited 35%
Statoil Canada Ltd. 35%
BG International Limited 30%
NL15-01-03248 878NANA
NL15-01-04264 249NANA
NL15-01-05267 403Statoil Canada Ltd. 40%
ExxonMobil Canada Ltd. 35%
BG International Limited 25%
NL15-01-06262 230Statoil Canada Ltd. 34%
ExxonMobil Canada Ltd. 33%
BP Canada Energy Group ULC 33%
NL15-01-07254 321Statoil Canada Ltd. 34%
ExxonMobil Canada Ltd. 33%
BP Canada Energy Group ULC 33%
NL15-01-08268 755Statoil Canada Limited 50%
BP Canada Energy Group ULC 50%
NL15-01-09139 477Statoil Canada Ltd. 100%$423,189,945.00
NL15-01-10163 008Nexen Energy ULC 100%$261,000,000.00
NL15-01-11169 578NANA
Total Successful Bid Amount$1,204,953,713.00

  • PDF Version of the Table is Available Here
  • Call for Bids No. NL15-01EN Parcels map
  • Subject to the bidders satisfying the requirements specified in Call for Bids NL15-01EN and upon receiving Ministerial approval, the Board will issue exploration licences to the successful bidders in January 2016.

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

    News Releases 2015

    2015, Nov 12C-NLOPB Releases Results for 2015 Call for Bids
    2015, Nov 6Notice to Potential Bidders Calls for Bids NL15-01EN
    2015, Aug 25C-NLOPB Issues Calls for Nominations for Offshore Land Parcels
    2015, Jul 27White Rose Extension Project Development Plan Amendment receives conditional approval and White Rose reserves and resources updated
    2015, Jun 24Scheduled Land Tenure
    2015, Jun 9Public consultations on the Draft Atlantic Canada Standby Vessel
    2015, May 22Charges laid against HMDC in relation to alleged spill of crude oil
    2015, Apr 1NOTICE TO POTENTIAL BIDDERS CALL FOR BIDS NL15-01EN (Eastern Newfoundland Region)
    2015, Mar 31C-NLOPB Announces 2015 Call for Bids
    2015, Feb 24C-NLOPB Announces 2015 Eastern Newfoundland Region Sector Identification
    2015, Feb 3C-NLOPB Issues Calls for Nominations