C-NLOPB calls Jeanne d’Arc bids

OE Staff
Monday, April 3, 2017

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

Call for Bids NL17-CFB01 map, from C-NLOPB.

Call for Bids NL17-CFB01 (Jeanne d’Arc Region) consist of three parcels and a total of 317,407 hectares.

Interested parties will have until 12:00 p.m. NST on 8 November 2017 to submit sealed bids for the parcels offered in Call for Bids NL17-CFB01. 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 license). The minimum bid for the parcel offered is US$7.5 million (CAD $10 million) in work commitments.

The Call 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. A project-specific EA that focuses on site-specific issues must be completed before any work can begin within the license area.

Categories: North America Canada

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