From the Canada-Newfoundland and Labrador Offshore Petroleum Board:
Call for Bids NL11-01 (Western Newfoundland and Labrador Offshore Region)
The following bids, based upon the work commitments bid, have been accepted:
Parcel 1 (218, 468 ha)
Ptarmigan Energy Inc. 100%
$1,501,000.00Parcel 2 (135, 520 ha)
Ptarmigan Energy Inc. 100%
$501,000.00Total: $2,002,000.00
Call for Bids NL11-02 (Flemish Pass/North Central Ridge)
The following bids, based upon the work commitments bid, have been accepted:
Parcel 1 (247, 016 ha)
Statoil Canada Ltd. 50%
Chevron Canada Limited 40%
Repsol E & P Canada Ltd. 10%$202,171,394.00
Parcel 2 (186, 780 ha)
Statoil Canada Ltd. 50%
Chevron Canada Limited 40%
Repsol E & P Canada Ltd. 10%$145,603,270.00
Total: $347,774,664.00
Subject to the bidders satisfying the requirements specified in Call for Bids NL11-01 and NL11-02 and upon receiving Ministerial approval, the Board will issue exploration licences for all four parcels in January 2012.
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