Insight
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.
Table of contents
- Giant potential in blocks on offer
- Acreage on offer
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Terms and Conditions
- Timeline
- Data
- Evaluation Process
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Prospectivity Analysis
- Orphan Basin
- Flemish Pass
- Economic Analysis
- Round Expectations
- Future Rounds
Tables and charts
This report includes 8 images and tables including:
- Criteria for success
- Blocks on offer
- Summary of offered acreage
- Fiscal terms comparison
- Timeline for Active Bid Rounds
- Future licence round areas
- Bid timeline and expected award date
- Potential resources in Orphan Basin plays
What's included
This report contains:
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