by Tina Olivero

    5 Bids totalling $238,075,321: HUGE WIN for Newfoundland’s Offshore

    Produced, Compiled or Written by Tina Olivero, Publisher & Editor – TheOGM.com

    The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is announcing the results of Call for Bids NL22-CFB01 (Eastern Newfoundland Region) and Call for Bids NL22-CFB02 (South Eastern Newfoundland Region). Both Calls for Bids were previously approved by the federal and Newfoundland and Labrador governments. The awarding of exploration licences arising from any Call for Bids is a Fundamental Decision, meaning it is subject to further approvals by the federal and provincial governments.

    Five successful bids were received for Call for Bids NL22-CFB01 (Eastern Newfoundland Region), totaling $238,075,321 in work commitments and covering 1,222,907 hectares. No bids were received for the South Eastern Newfoundland Region Call for Bids.

    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 six-year period of a nine-year licence). The minimum acceptable bid for each parcel is $10,000,000 in work commitments.

    Parcels included in Call for Bids NL22-CFB01 can be found in the following map Call for Bids NL22-CFB01 Parcels map

    Details on the successful bids are as follows:

    8267,686ExxonMobil Canada Ltd. (70%)
    QPI Energy Canada Ltd.  (30%)
    12266,079BP Canada Energy Group ULC (100%)$16,500,000
    26252,271Equinor Canada Ltd. (60%)
    BP Canada Energy Group Ltd.  (40%)
    27273,706Equinor Canada Ltd. (60%)
    BP Canada Energy Group Ltd.  (40%)
    28163,165Equinor Canada Ltd. (60%)
    BP Canada Energy Group Ltd.  (40%)

    Offshore safety and environmental protection are paramount in all Board decisions. The C-NLOPB supports action by the federal and provincial governments to address climate change and protect notable marine areas, working closely with governments and others in this regard. Emissions-related considerations will be assessed as part of the regulatory review process should companies propose specific plans.

    Planning, monitoring and assessment of offshore petroleum activities will ensure they occur in a safe and environmentally responsible way. Required regional and/or site-specific mitigation measures will be undertaken before any petroleum-related operations can begin within a licence area, as conditions of
    C-NLOPB approvals and authorizations. The timing, spatial extent, and nature of proposed oil and gas activities, in addition to mitigations already prescribed by legislation or regulation, will determine the level of restriction or mitigation that may be required.

    The Eastern Newfoundland Region includes a number of important areas for fish harvesters who fish crab and other species. The C-NLOPB fully appreciates the importance of both the fisheries and petroleum sectors and will continue to engage with fisheries stakeholders, Fisheries and Oceans Canada (DFO), other federal and provincial agencies and other stakeholders throughout the land tenure process. Like any companies acquiring Exploration Licences, the successful bidders from Call for Bids NL22-CFB01 will be required to engage with fishing interests before any oil and gas activities are authorized.

    Parcel 12 also overlaps with a portion of the Northeast Newfoundland Slope Marine Refuge. The C-NLOPB is focused on the protection of environmentally significant areas and will also continue to work closely with DFO and others in this regard.

    As most of these parcels are beyond Canada’s 200 nautical mile zone, additional terms and conditions may be applied (e.g. through legislation, regulations, amendments to licences or otherwise) to the resulting licences from this Call for Bids in order to meet obligations arising pursuant to article 82 of the United Nations Convention on the Law of the Sea.

    Subject to bidders satisfying the requirements specified and receiving government approvals, the Board will issue the new exploration licences in January 2023. Further detailed information about these Calls for Bids is available on the C-NLOPB website or C-NLOPB Data and Information Hub.

    Any parties interested in receiving email notifications on Scheduled Land Tenure related announcements can contact Shannon Bulger at sbulger@cnlopb.ca.

    Tina Olivero

    30 years ago, Tina Olivero looked into the future and saw an opportunity to make a difference for her province and people. That difference came in the form of the oil and gas sector. Six years before there was even a drop of oil brought to the shores of Newfoundland, she founded The Oil and Gas Magazine (THE OGM) from a back room in her home on Signal Hill Road, in St. John’s, Newfoundland. A single mother, no financing, no previous journalism or oil and gas experience, she forged ahead, with a creative vision and one heck of a heaping dose of sheer determination. With her pioneering spirit, Ms. Olivero developed a magazine that would educate, inspire, motivate and entertain oil and gas readers around the world — She prides herself in marketing and promoting our province and resources in unprecedented ways. The OGM is a magazine that focuses on our projects, our people, our opportunities and ultimately becomes the bridge to new energy outcomes and a sustainable new energy world. Now diversifying into the communications realms, a natural progression from the Magazine, The OGM now offers an entirely new division - Oil & Gas Media. Today, The Oil and Gas Magazine is a global phenomenon that operates not only in Newfoundland, but also in Calgary and is read by oil and gas enthusiasts in Norway, Aberdeen, across the US and as far reaching as Abu Dhabi, in the Middle East. Believing that Energy is everyone’s business, Ms. Olivero has combined energy + culture to embrace the worlds commitment to a balance of work and home life as well as fostering a foundation for health and well being. In this era of growth and development business and lifestyle are an eloquent mix, there is no beginning or end. Partnering with over 90 oil and gas exhibitions and conferences around the world, Ms. Olivero's role as a Global Visionary is to embrace communication in a way that fosters oil and gas business and industry growth in new and creative ways.

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