In early February 2018, BP Canada Energy Group acquired 10% WI from Anadarko Canada E&P in two Grand Banks exploration licences: EL 1125 and EL 1126 (Labrador-Newfoundland Shelf). The transactions are effective as of 15 January 2018. The exploration licences were originally awarded to Chevron by the C-NLOPB on 12 November 2015, based on a US$43 million work commitment.  EL 1126 is the site of sidetracked NFW Fitzroya A-12, which was kicked-off in February-March 2016 with the the "West Hercules" semi-sub. Fitzroya A-12 was drilled in a 743m of water, about 26km northwest of Statoil's 2013 Bay du Nord C-78Z discovery on EL 1112. That new field wildcat found between 300 and 600 MMb of 34-degree oil (recoverable) in what has been described as an "excellent" Jurassic reservoir with high permeability and porosity, spurring a great deal of renewed interest in the waters of the Flemish Pass. Following completion of the February 2018 transactions, equity in EL 1125 and EL 1126 is now shared between Statoil Canada (40% WI + Op), Chevron Canada (40%) and BP Canada Energy Group (20%).
BP (->20%) acquired 10% WI from Anadarko (-> 0%, Statoil 40% op, Chevron 40%) in 2 Grand Banks exploration licences: EL 1125 and EL 1126.