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11 Pages

Newfoundland and Labrador 2016 licence round launch

Newfoundland and Labrador 2016 licence round launch

Report summary

On 7 April 2016, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced its 2016 call for bids. Sixteen blocks are on offer in offshore Newfoundland and Labrador covering over 3.3 million hectares (8.2 million acres). Of particular interest are nine frontier resource blocks located along the eastern extent of the Orphan Basin. While the official round launch was in April, the regional resource assessment was released in August which showed estimated P50 in place resources of 25.5 bnbbl of oil and 20.6 tcf of gas. We expect high interest in this round of bidding due to the wealth of upfront data available to bidders as well as the relatively high probability of geological success for a frontier level play.

What's included?

This report includes 2 file(s)

  • Newfoundland and Labrador 2016 licence round launch PDF - 1.50 MB 11 Pages, 2 Tables, 6 Figures
  • Newfoundland and Labrador licence round launch 2016.xls XLS - 239.50 KB


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  • Giant potential in blocks on offer
  • Acreage on offer
  • Terms and Conditions
    • Timeline
    • Data
    • Evaluation Process
  • Prospectivity Analysis
    • Orphan Basin
    • Flemish Pass
  • Economic Analysis
  • Round Expectations
  • Future Rounds

In this report there are 8 tables or charts, including:

  • Giant potential in blocks on offer
    • Criteria for success
  • Acreage on offer
    • Blocks on offer
    • Summary of offered acreage
  • Terms and Conditions
    • Bid timeline and expected award date
  • Prospectivity Analysis
    • Potential resources in Orphan Basin plays
  • Economic Analysis
    • Fiscal terms comparison
  • Round Expectations
  • Future Rounds
    • Timeline for Active Bid Rounds
    • Future licence round areas
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