The Canada-Newfoundland & Labrador Offshore Petroleum Board has issued a call for bids for Area C covering 208,899 ha in the Flemish Pass area.
The board will receive sealed bids until Nov. 1, 2012 with work program spending commitment the sole criterion for acceptance, that is, spending on exploration in Period 1 of a 9-year license. An exploratory well must be spudded in Period 1. Minimum bid is $1 million.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
