
Eight parcels were available for bid during the NS22-1 Call for Bids by the Canada-Nova Scotia Offshore Petroleum Board. (Source: CNSOPB)
Only one successful bid was submitted under the Canada-Nova Scotia Offshore Petroleum Board’s (CNSOPB) NS22-1 call for bids for eight parcels on the Scotian Shelf and Slope, the board announced Oct. 4.
In total, two bids were submitted, one for Parcel #5 and one for Parcel #8. CNSOPB said Inceptio Ltd., with a US$1.1 million (CA$1.5 million) work expenditure bid, is the successful bidder for Parcel #8, but said the decision is subject to government approval.
If the Federal Minister of Energy and Natural Resources and the Provincial Minister of Natural Resources and Renewables approve the bid, the CNSOPB will issue Exploration License 2437 for Parcel #8 on Jan. 15, 2024.
Work expenditure bids indicate how much money a bidder proposes to spend exploring the land parcels during the initial six-year period of a nine-year exploration license.
Because no bids were received for Parcels 1, 2, 3, 4, 6 and 7, they are no longer up for bid and will remain as Crown land.
Recommended Reading
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
Chevron Names Laura Lane as VP, Chief Corporate Affairs Officer
2025-01-13 - Laura Lane will succeed Al Williams in overseeing Chevron Corp.’s government affairs, communication and social investment activities.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Gigablue Enters CCS Agreement with Investment Firm SkiesFifty
2025-01-14 - Carbon removal company and investment firm SkiesFifty have partnered to sequester 200,000 tons of CO2 over the next four years.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.