The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids in the Labrador South Region under its Scheduled Land Tenure Regime.

Call for Bids NL16-CFB03 (Labrador South Region) consists of 10 parcels and a total of 2,294,340 hectares. 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.

Interested parties will have until either 12:00 p.m. NST on November 8, 2017 or a minimum 120 days after the completion of an update to the Labrador Shelf Offshore Area Strategic Environmental Assessment (SEA), whichever is later, to submit sealed bids for the parcels offered in Call for Bids NL16-CFB03. The C-NLOPB will confirm the closing deadline at a later date and notification of this, any other changes to this Call for Bids, and information about the SEA update as it takes shape will be posted on the Board’s website.

The SEA update is further examining the environmental effects that may be associated with a plan, program or policy proposal and will allow for the incorporation of environmental considerations at the earliest stages of program planning. SEA involves a broader-scale environmental assessment (EA) that considers the larger ecological setting and consultation with a wide array of stakeholders. A project-specific EA that focuses on site-specific issues with defined boundaries, must be completed before any work can begin within any future licence area.

Offshore safety and environmental protection are paramount in all Board decisions. The C-NLOPB will not approve any offshore petroleum related activity until an Operator demonstrates that it has met all legislative and regulatory requirements and has reduced risks to levels that are as low as reasonably practicable.

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

Any parties interested in receiving email notifications on Scheduled Land Tenure related announcements can contact Stephanie Stack at sstack@cnlopb.ca.

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

Petroleum Industry Contact:
Stephanie Johnson, P.Geo
Director of Exploration and Information Resources (Acting)
(709) 778-4246
sjohnson@cnlopb.ca