The Canada-Newfoundland and Labrador Offshore Petroleum Board is announcing the results of Call for Bids NL17-CFB01, located in the Jeanne d’Arc Region. The sole criterion for selecting a winning bid is the total amount the bidder commits to spend on exploration of the parcel during Period I (the first period of a nine-year licence). The minimum acceptable bid for each parcel is $10,000,000 in work commitments.

Call for Bids NL17-CFB01 offered three parcels totaling 317,407 hectares.

A successful bid was received for Parcel 1 (121 453 ha) for $15,098,888 in work commitments from Husky Oil Operations Limited (50%) and BP Canada Energy Group ULC (50%).

No bids were received for Parcels 2 and 3.

Subject to the bidder satisfying the requirements specified in Call for Bids NL17-CFB01 and upon receiving Ministerial approvals, the Board will issue the new exploration licence in January 2018.

• PDF Call for Bids NL17-CFB01 Parcels map

Petroleum Industry Contact:
Stephanie Johnson, P.Geo
Director of Exploration and Information Resources (Acting)
(709) 778-4246
(709) 689-0459 (cell)
sjohnson@cnlopb.ca

Media Contact:
Lesley Rideout
Communications Officer
(709) 778-4224
(709) 725-2900 (cell)
lrideout@cnlopb.ca