2015 Newfoundland & Labrador offshore lease sale results

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Report summary

On 12 October 2015, the Canada-Newfoundland & Labrador Offshore Petroleum Board announced the 2015 Call for Bids results (NL15-01EN). Overall, 13 bids were submitted, nine companies participated and seven parcels were awarded in the NL15-01EN licencing round. More than Cdn$1.2 billion in work commitments were generated on seven of the eleven parcels on offer.The majors dominated activity with basin-leader Statoil the most active bidder.

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    2015 Newfoundland offshore lease sale results

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  • 2015 Newfoundland & Labrador offshore lease sale results

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  • Map of parcels on offer

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