Natural Resources
December 2, 2010
Offshore
Industry Continues its Strong Growth
The results of three Calls for
Bids by the Canada-Newfoundland and Labrador Offshore Petroleum
Board (C-NLOPB) demonstrate the strength of Newfoundland and
Labrador's offshore industry. The Honourable Kathy Dunderdale,
Minister of Natural Resources, welcomes the over $110 million in
work expenditure commitments received for the Flemish
Pass-Central Ridge region and the Jeanne d'Arc Basin.
"We have an open and competitive
land management system in Newfoundland and Labrador which
combined with our highly prospective basins, encourages
exploration and development," said Minister Dunderdale.
"Interest in the 2010 Calls for Bids process is a strong
indicator of the health of our offshore industry and the results
of these bids clearly indicate the strength of the industry. The
level of cooperation being demonstrated by operators, along with
their level of financial investment, is a signal to the world
about the momentum of oil and gas exploration in Newfoundland
and Labrador."
In July of 2010 the C-NLOPB
announced Calls for Bids relating to NL 10-02 and NL 10-03 in
the Flemish Pass-Central Ridge region. Statoil Canada and Repsol
E&P Canada submitted the winning bid in parcel 1 of NL 10-02
while Statoil Canada and Husky Oil Operations were successful in
parcel 2. Statoil Canada and Husky Oil Operations were also
successful in providing the highest bid for a Significant
Discovery Licence for the parcel in NL 10-03.
As well, the C-NLOPB held Calls
for Bids for two parcels in NL 10-01 in the Jeanne d'Arc Basin.
Successful bidders were Husky Oil Operations and Repsol E&P
Canada for parcel 1 and Husky Oil Operations and Statoil Canada
for parcel 2.
"The amount of expenditure
commitment associated with these bids is the highest we have
seen in a number of years," said Minister Dunderdale. "It is
encouraging to see that operators which have recently become
involved in our offshore have continued their presence and
formed new partnerships and that interest also continues in the
prolific Jeanne d'Arc Basin. I look forward to working with
these companies to ensure the safety of those employed in the
industry and protection of the environment through responsible
development."
Further information on the
results of the Calls for Bids is available on the C-NLOPB
website at www.cnlopb.nl.ca.
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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 12 02
4:25 p.m.
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