2018 License Round Results

view-map The results for Call for Bids NL18-CFB01 and NL18-CFB02 were released by the C-NLOPB on November 7, 2018. The results of the 2018 License Round are listed below:

2018 Call for Bids Results NL18-CFB01 (Eastern Newfoundland Region)

ParcelHectaresSuccessful BiddersSuccessful Bid Amount
Parcel 8269,799BHP Billiton Petroleum (New Ventures) Corporation (100%)$621,021,200
Parcel 12273,579BHP Billiton Petroleum (New Ventures) Corporation (100%)$201,021,200
Parcel 14159,036Equinor Canada Ltd. (70%)
Husky Oil Operations Limited (30%)
$32,231,981
Parcel 15253,608Equinor Canada Ltd. (60%)
Suncor Energy Offshore Exploration Partnership (40%)
$480,000,000

Total Successful Bid Amount $1,334,274,381

2018 Call for Bids Results NL18-CFB02 (Jeanne D’Arc Region)

ParcelHectaresSuccessful BiddersSuccessful Bid Amount
Parcel 1142,448Suncor Energy Offshore Exploration Partnership (40%)
Husky Oil Operations Limited (30%)
Equinor Canada Ltd. (30%)
$51,999,555

Total Successful Bid Amount $51,999,555