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Offshore E. Canada - Newfoundland


2007 CALLS FOR BIDS


The Canada-Newfoundland and Labrador Offshore Petroleum Board today announces details of the 2007 land sales in the Newfoundland and Labrador Offshore Area. This year, there will be two separate Calls for Bids. Call for Bids NL07-1 (Western Newfoundland and Labrador Offshore Region) will consist of one parcel and Call for Bids NL07-2 (Labrador Offshore Region) will consist of four parcels. These parcels comprise a total of 991,458 hectares.

Interested parties will have until 4:00 p.m. on November 30, 2007 to submit sealed bids for Call for Bids NL07-1 (Western Newfoundland and Labrador Offshore Region). The Board will conduct a Strategic Environmental Assessment (Western Newfoundland and Labrador Offshore Area, amendment) to include the one parcel offered in Call for Bids NL07-1. A draft of the SEA report will be published on the Board’s website for public comment when it becomes available. The Board will consider any recommendations made in the SEA Report and, where necessary, may amend the respective Call for Bids to ensure concerns are addressed.

Interested parties will have until 4:00 p.m. on August 1, 2008 to submit sealed bids for Call for Bids NL07-2 (Labrador Offshore Region). The Board will conduct a Strategic Environmental Assessment (Labrador Offshore Area) to include the four parcels offered in Call for Bids NL07-2. A draft of the SEA report will be published on the Board’s website for public comment when it becomes available. The Board will consider any recommendations made in the SEA Report and, where necessary, may amend the respective Call for Bids to ensure concerns are addressed.

Detailed information about the upcoming Canada-Newfoundland Licensing rounds can be found on the Canada-Newfoundland and Labrador Offshore Petroleum Board web page at: http://www.cnlopb.nl.ca/.

For further information, please contact:

Jacqueline Glynn                 
Legal Counsel                         
(709) 778-1408

Sean Kelly APR
Manager, Public Relations
(709) 778-1418

For additional information regarding TGS data available in the Offshore Newfoundland area, please contact:

Kim Abdallah
Tel: 713 860 2120
Email: kim.abdallah@tgsnopec.com   More Info