Effective 15 January 2018, Statoil Canada and partner Husky Oil were awarded exploration license EL 1154 through the combination of two previous licenses which have now been relinquished. The new block encompasses 1,254.49 sq km and represents 74% of the combined original sizes of blocks EL 1112 and EL 1124. The new block encircles significant discovery licenses SDL 1047 and SDL 1048 which holds the Mizzen oil discovery containing an estimated 200 MMbo in reserves. The Mizzen structure is characterized as a fault-bounded, doubly-plunging horst block, and represents the first significant hydrocarbon accumulation in the Flemish Pass. Mizzen O-16 well was drilled near the crest of the structure and encountered oil in sandstone reservoir of Upper Jurassic (Tithonian) age. Partners in the new block remain the same as the relinquished blocks with Statoil Canada 65% and Husky Oil holding the remaining 35%. Statoil (65%) and partner Husky (35%) were officially awarded EL 1112 from Call for Bids NL08-02 on 15 January 2009 by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). The block is located offshore in the Area "C" Central Ridge/Flemish Pass Basin. The two companies were awarded the parcel for a work commitment bid of CAD 18,724,000.00. The term for the license is split into two consecutive periods with Period I consisting of six years followed by Period II which will run for three years provided the condition of drilling a well is met within Period I. Statoil (65%) and partner Husky (35%) were officially awarded EL 1124 from Call for Bids NL10-02 on 15 January 2011 by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). The block is located offshore in the Area "C" Central Ridge/Flemish Pass Basin. The two companies were awarded the parcel for a work commitment bid of CAD 20,047,000.00. The term for the license is split into two consecutive periods with Period I consisting of six years followed by Period II which will run for three years provided the condition of drilling a well is met within Period I. Â 
Statoil and partner Husky Oil (50:50) were awarded exploration license EL 1154.