Natural Resources
April 8, 2016
Strategic Oil and Gas Exploration in Newfoundland and Labrador
Provincial Government Supports Offshore Call for Bids for 2016
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued two Calls for Bids under the scheduled land tenure regime in the Canada-Newfoundland and Labrador Offshore Area.
�Offshore Newfoundland and Labrador is considered one of the best frontier regions in the world today with significant new basin areas and over 350 leads and prospects in our offshore defined to date from new seismic work. We look forward to a positive call for bids and to continued exploration and development.�
- The Honourable Siobhan Coady, Minister of Natural Resources
The 2016 Call for Bids in the Eastern Newfoundland Region consists of 13 parcels and a total of 2,949,252 hectares; and the Call for Bids in the Jeanne d�Arc Region consists of three parcels and a total of 354,552 hectares. The minimum bid for each parcel offered is $10 million in work commitments. More information is available on C-NLOPB�s website at www.cnlopb.ca .
The province is well underway with an independent resource assessment for new blocks in the Eastern Newfoundland Region. The results of this resource assessment will be issued publicly ahead of the closing of the licence round.
QUICK FACTS
- The Canada-Newfoundland and Labrador Offshore Petroleum Board has issued two Calls for Bids under the scheduled land tenure regime in the Canada-Newfoundland and Labrador Offshore Area.
- The Call for Bids in the Eastern Newfoundland Region consists of 13 parcels and a total of 2,949,252 hectares.
- The Call for Bids in the Jeanne d�Arc Region consists of three parcels and a total of 354,552 hectares.
- More information is available on C-NLOPB�s website at www.cnlopb.ca .
- Over the past three years (2013-15), peak employment in the province has averaged approximately 11,000 persons per year for Hibernia, Terra Nova, White Rose and Hebron. Additionally, those projects have spent close to $9 billion in this province over the same period.
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Media contact:
Diana Quinton
Director of Communications
Department of Natural Resources
709-729-5282, 631-8155
dianaquinton@gov.nl.ca
2016 04 08 11:35 a.m.