The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has announced the results of Call for Bids NL17-CFB01, located in the Jeanne dâArc Region. The sole criterion for selecting a winning bid is the total amount the bidder commits to spend on exploration of the parcel during Period I (the first period of a nine-year licence). The minimum acceptable bid for each parcel is $10,000,000 in work commitments. Call for Bids NL17-CFB01 offered three parcels totaling 317,407 hectares. A successful bid was received for Parcel 1 (121 453 ha) for $15,098,888 in work commitments from Husky Oil Operations (50%) and BP Canada Energy Group (50%). No bids were received for Parcels 2 and 3. Subject to the bidder satisfying the requirements specified in Call for Bids NL17-CFB01 and upon receiving Ministerial approvals, the Board will issue the new exploration licence in January 2018. PDF Call for Bids NL17-CFB01 Parcels map Original article link Source: C-NLOPB 
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