Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued calls for bids for exploration licenses in the eastern Newfoundland and southeastern Newfoundland regions.
NL23-CFB01 (exploration licenses, eastern Newfoundland region) consists of 28 parcels and a total of 7,222,551 hectares.
NL23-CFB02 (exploration licenses, southeastern Newfoundland region) consists of 19 parcels and a total of 4,982,275 hectares.
Winning bids will be selected based on the total investment committed by bidders for exploration work on the parcel during the first period of a 9-year license. The minimum bid is $10 million (Can.).
Based on an assessment of nominations and land tenure considerations, C-NLOPB has decided not to proceed with a call for bids in the Jeanne d’Arc Region this year. A decision on future call for bids in the region will be assessed on an annual basis.
Sealed bids may be submitted until 12:00 p.m. NST Nov. 1, 2023.