As of 2 November 2018, the Canada-Newfoundland & Labrador Offshore Petroleum Board (C-NLOPB) 2018 Call for Bids closes on 8 November 2018. In April 2018, the Canada-Newfoundland & Labrador Offshore Petroleum Board (C-NLOPB) announced that three Calls for Bids would be held offshore which will include one call in the Eastern Newfoundland region and two calls in the Jeanne dâArc region. The NL18-CFB01 Call for Bids is offering exploration licenses to 16 parcels (39,410 sq km) in Eastern Newfoundland region. The NL18-CFB02 Call for Bids is for an exploration license for one parcel (1,424 sq km) in the Jeanne dâArc region. The NL18-CFB03 Call for Bids is for a production license to a single parcel (14 sq km) also in the Jeanne dâArc region known as the Terra Nova K-08 commercial discovery area. Some of the parcels included in the NL18-CFB01 Call for Bids are located partially or entirely beyond Canadaâs 200 nautical mile zone. Successful bidders for these outboard parcels may incur additional obligations arising from article 82 of the United Nations Convention on the Law of the Sea.  The sole criterion for selecting the winners for the NL18-CFB01 and NL18-CFB02 Calls for Bids will be the total amount of money the bidder commits to spend on exploration of the parcel during Period I (the six-year first period of a nine-year license). The minimum bid for each parcel offered is CAD 10,000,000 in work commitments. For the production license associated with the NL18-CFB03 Call for Bids, the sole criterion to win the license will be the highest drilling deposit bid. The minimum bid for the parcel offered is CAD 25,000,000. The drilling deposit will be refunded if a well is drilled within 5 years from the effective date of the production license.  Sealed bids are to be submitted prior to the closing date of 12:00 p.m. on 7 November 2018 Newfoundland standard time. The bids should be sent to the Canada-Newfoundland and Labrador Offshore Petroleum Board, Suite 101, TD Place, 140 Water Street, St. John's, NL A1C 6H6.  Additional information about these Calls for Bids is available at http: www.cnlopb.ca/news/nr20180405.php
Canada East C-NLOPB 2018 Calls for Bids in the Jeanne d'Arc and Eastern Newfoundland Regions deadline is 8 November 2018