Call for Bids Launched for Offshore Blocks in Eastern Newfoundland

Image Credit; C-NLOPB
Image Credit; C-NLOPB

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licenses in the Eastern Newfoundland Region.

Call for Bids NL20-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 17 parcels and a total of 4,170,509 hectares.

Interested parties will have until 12:00 p.m. NST on November 4, 2020, to submit sealed bids for the parcels offered.

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 parcels offered is $10,000,000 in work commitments.

Current News

Chevron Oil Platform Fire Offshore Angola Injures 17

Chevron Oil Platform Fire Offs

Russian Arctic LNG 2 Starts Second Production Train

Russian Arctic LNG 2 Starts Se

SLB Unveils Novel Imaging Tool to Optimize Drilling Efficiency

SLB Unveils Novel Imaging Tool

Ithaca Energy Bolsters Stake in North Sea Gas Field

Ithaca Energy Bolsters Stake i

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine