On June 11, 2020, the Canada-Newfoundland & Labrador Offshore Petroleum Board (C-NLOPB) announced Call for Bids Sector NL20-CFB01 in the Eastern Newfoundland region that will close November 4, 2020. As part of the scheduled land tenure process, this high activity region follows a 2-year cycle. In July 2018, a Sector was announced, followed by a Call for Nominations for Parcels that closed in November 2019. These nominations guided the parcel definition for the Call for Bids.

The area is highly prospective for large hydrocarbon accumulations with 2 wells within the Call for Bids and 16 wells drilled in the basin. Despite the likely presence of petroleum systems and good seismic coverage, in terms of quantity and quality, the area remains mostly under explored. The 2018 Call for Bids in the region resulted in two exploration licences being awarded for over $800 million in work commitments, reflecting the area’s potential.

Key Attributes

The Call for Bids total 4,170,509 ha (10,305,552 acres) and closes November 4, 2020 at 12 pm NST

  • Water depths range from 1,900 m to 3,000 m.
  • Competitive fiscal regime with very low political risk.
  • Modern and historic seismic coverage and tie key wells.
  • Proximity to both North American and European markets.
  • Open and transparent land management and bid processing system.

A winning bid is based solely on highest bid amount.

For more information, visit www.cnlopb.ca; https://www.hydrocarbonassets/N&L and contact info@zebradata.com for Data Repository access.

Future Calls for Bids

In 2021, there will be Calls for Bids in the Labrador South and South Eastern Newfoundland regions. Calls for Bids are held annually in the Jeanne d’Arc Region.

 

Additional Data loaded into the Data Repository

There has been additional data loaded into the EzDataRoom Web Data Repository, (in blue figures below) and the total amount of data can be seen in the table below.

Region

2D coverage (km)

total (only new data)

Wells

3D acreage (km2)

total (only new data)

Eastern Newfoundland 45350 35 26243 (7990)
Jeanne d’Arc 31806 114 16167
Labrador North 1221
Labrador South 7711 (6108)
North Eastern Newfoundland 1868 2
South Eastern Newfoundland 18279 1362
Southern Newfoundland 10257 (3043) 2019 (2019)
Total 116492 151 45791

 

For more information, visit www.cnlopb.ca; https://www.hydrocarbonassets/N&L and contact info@zebradata.com for Data Repository access.