News Releases 2018

C-NLOPB Releases Results for 2018 Calls for Bids

For Immediate Release
November 7, 2018

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is announcing the results of Call for Bids NL18-CFB01 (Exploration Licences, Eastern Newfoundland Region), Call for Bids NL18-CFB02 (Exploration Licence, Jeanne d’Arc Region) and Call for Bids NL18-CFB03 (Production Licence, Jeanne d’Arc Region). The results include a record cumulative successful bid amount of $1,386,273,936 and a record single successful bid amount of $621,021,200.

Exploration Licences

For Call for Bids NL18-CFB01 (Exploration Licences, Eastern Newfoundland Region) and Call for Bids NL18-CFB02 (Exploration Licence, 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 NL18-CFB01 (Exploration Licences, Eastern Newfoundland Region)

Call for Bids NL18-CFB01 (Exploration Licences, Eastern Newfoundland Region) offered 16 parcels totalling 3,941,046 hectares.

2018 Call for Bids Results NL18-CFB01
(Exploration Licences, Eastern Newfoundland Region)
ParcelHectaresSuccessful BiddersSuccessful Bid Amount
Parcel 8269 799BHP Billiton Petroleum (New Ventures) Corporation (100%)$621,021,200
Parcel 12273 579BHP Billiton Petroleum (New Ventures) Corporation (100%)$201,021,200
Parcel 14159 036Equinor Canada Ltd. (70%)
Husky Oil Operations Limited (30%)
$32,231,981
Parcel 15253 608Equinor Canada Ltd. (60%)
Suncor Energy Offshore Exploration
Partnership (40%)
$480,000,000
Total Successful Bid Amount$1,334,274,381

PDF Call for Bids NL18-CFB01 Parcels map

Call for Bids NL18-CFB02 (Exploration Licence, Jeanne d’Arc Region)

Call for Bids NL18-CFB02 (Exploration Licence, Jeanne d’Arc Region) offered one parcel totalling
142,448 hectares.

2018 Call for Bids Results NL18-CFB02 (Exploration Licences, Jeanne d’Arc Region)
ParcelHectaresSuccessful BiddersSuccessful Bid Amount
Parcel 1142 448Suncor Energy Offshore Exploration
Partnership (40%)
Husky Oil Operations Limited (30%)
Equinor Canada Ltd. (30%)
$51,999,555
Total Successful Bid Amount$51,999,555

PDF Call for Bids NL18-CFB02 Parcels map

Production Licence

No bids were received for Call for Bids NL18-CFB03 (Production Licence, Jeanne d’Arc Region).

Subject to bidders satisfying the requirements specified in Call for Bids NL18-CFB01 and NL18-CFB02 and upon receiving Ministerial approvals, the Board will issue the new exploration licences in January 2019.

These Calls for Bids parcels are included in the 2014 Eastern Newfoundland Strategic Environmental Assessment (SEA). The SEA examines the environmental effects which may be associated with a plan, program or policy proposal and allows 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. The Board is discussing with the Government of Canada and the Government of Newfoundland and Labrador potential new approaches to environmental assessments, details of which will be released as they become available.

Assessments of regional and/or site-specific issues will be completed before any work can begin within the licence area. The timing, spatial extent, and nature of proposed oil and gas activities, in addition to mitigations already prescribed by legislation, will determine the level of additional restriction or mitigation that may be required. Any additional measures would be determined during the project-specific environmental assessment and/or other regulatory approval processes.

Offshore safety and environmental protection are paramount in all Board decisions. No physical activity may occur on these licences without an operations authorization. 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.

Any parties interested in receiving email notifications on Scheduled Land Tenure related announcements can contact Shannon Bulger at sbulger@cnlopb.ca.

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 Lead
(709) 778-4224
(709) 725-2900 (cell)
lrideout@cnlopb.ca


News Releases 2018

DateUpdate
2018, Nov 7C-NLOPB Releases Results for 2018 Calls for Bids
2018, Sep 13Regional Assessment of Offshore Oil and Gas Exploratory Drilling East of Newfoundland and Labrador – Public Comments Invited
2018, Aug 30C-NLOPB Issues Calls for Nominations for Offshore Land Parcels
2018, Aug 15C-NLOPB Releases Final Enquiry Report into the SeaRose Ice Incursion Incident
2018, Jul 3Scheduled Land Tenure Announcement: Eastern Newfoundland Region Sector Identification
2018, Apr 5C-NLOPB Announces 2018 Calls for Bids in the Eastern Newfoundland and Jeanne d’Arc Regions
2018, Jan 31C-NLOPB Issues Call for Nominations for Areas of Interest
2018, Jan 26C-NLOPB Withdraws Suspension of Petroleum-Related Operations Conducted by the SeaRose FPSO
2018, Jan 17C-NLOPB Suspends Petroleum-Related Operations Conducted by the SeaRose FPSO