Welcome to Call for Bids NS09-1
The Call for Bids consists of two shallow water parcels located on the Scotian Shelf.
Bids must be received by 4:00 p.m. Atlantic Time, June 24, 2010.
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Infrastructure in the area includes the Sable Offshore Energy Project (SOEP) and a subsea gas pipeline to landfall in Nova Scotia. The Deep Panuke offshore gas project, which includes a second pipeline to landfall, is under development in the area.
Summary - Parcel 1
- Parcel #1 is located in the Sable Subbasin where 23 Significant Discoveries have been made to date.
- Gas was discovered at Marmora in an early Cretaceous sandstone reservoir, OGIP range P90 – P10: 113 – 187 Bcf / 3.2 – 5.3 E9M3.
- A number of additional exploration prospects with considerable hydrocarbon potential have been identified on the parcel.
- Parcel #1 is adjacent to five Significant Discoveries, two producing gas fields and the Sable Offshore Energy Project’s gas pipeline crosses the parcel.
- Shallow water parcel, water depths 50-100 m.
Summary - Parcel 2
- Parcel #2 is located in the Sable Subbasin where 23 Significant Discoveries have been made to date.
- A number of exploration prospects with considerable hydrocarbon potential have been identified on the parcel.
- Parcel #2 is adjacent to five Significant Discoveries and two producing gas fields.
- Access to infrastructure, the Sable Offshore Energy Project’s gas pipeline crosses the parcel.
- Shallow water parcel, water depths up to 50m.
Seismic and well data for the parcels is available in digital format from the Board's Data Management Centre: www.cnsopbdmc.ca.
Written Comments
The public is invited to submit written comments to the Board on the lands included in the Call for Bids. Such submissions will be considered by the Board before the issuance of Exploration Licences. The deadline for the submission of written comments is 4:00 p.m. Atlantic Time, June 10, 2010. For contact information, please click here.
NEW
The CNSOPB's new strategic direction is aimed at optimizing resource management. The Call for Bids NS09-1 is consistent with this new approach, and draws on best practices from other jurisdictions. Exploration Licences for these parcels contain new terms and conditions, for example, after posting a refundable Licence Deposit of $50,000 or one-percent (1%) of the Work Expenditure Bid, whichever is greater, upfront EL holders have three years to assess geology, raise financing, attract a farm-in partner or surrender licence before posting large financial requirements.
