2016 License Round Results

view-map The results for Call for Bids NL16-CFB01 and NL16-CFB02 were released by the C-NLOPB on November 9, 2016. The results of the 2016 License Round are listed below:

2016 Call for Bids Results NL16-CFB01 (Eastern Newfoundland Region)

ParcelHectaresSuccessful BiddersSuccessful Bid Amount
Parcel 3233,654BP Canada Energy Group ULC (50%)
Hess Canada Oil and Gas ULC (25%)
Noble Energy Canada LLC (25%)
$276,305,000
Parcel 4192,807BP Canada Energy Group ULC (50%)
Hess Canada Oil and Gas ULC (25%)
Noble Energy Canada LLC (25%)
$12,050,000
Parcel 7202,138Navitas Petroleum Ltd. (30%)
DKL Investments Ltd. (70%)
$48,000,018
Parcel 8252,482BP Canada Energy Group ULC (50%)
Hess Canada Oil and Gas ULC (25%)
Noble Energy Canada LLC (25%)
$125,250,000
Parcel 10264,249BP Canada Energy Group ULC (60%)
Noble Energy Canada LLC (40%)
$12,200,000
Parcel 13169,578Nexen Energy ULC (100%)$40,167,000

Total Successful Bid Amount $513,972,018

2016 Call for Bids Results NL16-CFB02 (Jeanne d’Arc Region)

ParcelHectaresSuccessful BiddersSuccessful Bid Amount
Parcel 1138,339Husky Oil Operations Limited (100%)$155,008,888
Parcel 273,235Husky Oil Operations Limited (100%)$89,008,888

Total Successful Bid Amount $244,017,776