The Canada-Newfoundland and Labrador Offshore Petroleum Board has issued a call for bids for exploration licenses in two offshore areas.
Call for Bids NL19-CFB01 offers nine parcels covering a total of 2.270472 million hectares in the Southeastern Newfoundland Region.
Call for Bids NL19-CFB02 offers four parcels covering 464,877 hectares in the Jeanne d’Arc Region.
The only bidding criterion is the exploration spending commitment during the first phase of the 9-year license. The minimum work-commitment bid is $10 million (Can.).
Close of bidding is Nov. 6.