Natural Resources
July 7, 2010
Calls for Bids Show
Continuing Interest in Province's Offshore Oil and Gas
The Canada-Newfoundland and Labrador
Offshore Petroleum Board's (C-NLOPB) two Calls for Bids in the Flemish
Pass-Central Ridge region announced yesterday demonstrates the oil and
gas industry's continued interest in Newfoundland and Labrador's
prospective offshore basins.
"Newfoundland and Labrador's offshore
region is open for exploration to those companies with resources and
competencies to comply with our progressive regulatory regime which
holds companies to the highest standards in the areas of safety,
environmental protection and resource management," said the Honourable
Kathy Dunderdale, Minister of Natural Resources. "Our open and
transparent land management system ensures that qualified interested
parties can gain access to highly prospective acreages of land in our
province's offshore."
Call for Bids NL10-02 consists of two
parcels of land comprising 327,372 hectares. The minimum bid for each
parcel is one million dollars. Call for Bids NL10-03 consists of one
parcel of land comprising 3,773 hectares and offers the successful
bidder a Significant Discovery License. All parcels have been previously
assessed to identify any mitigative measures that may be required in
relation to future exploration activity.
Last year, Statoil discovered a
hydrocarbon accumulation during the drilling of its deepwater
exploration well, the Mizzen O-16, in the Flemish Pass Basin. This has
created additional interest in the basin.
Details of the 2010 Calls for Bids can be
found on the C-NLOPB's website at
www.cnlopb.nl.ca
. The deadline to submit bids is November 30, 2010
at 4:00 p.m.
"Exploration is key to new discoveries,"
said Minister Dunderdale. "With safety and environmental protection
leading our efforts, ongoing exploration will help fuel continued
economic growth for the province, and ensure the responsible development
of the oil and gas industry."
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Media contact:
Ken Morrissey
Director of Communications
Department of Natural Resources
709-729-5282, 685-6612
kenmorrissey@gov.nl.ca
2010 07 07
10:35 a.m.
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