Previous Call for BidsRegional Geoscience
Offshore DevelopmentsGeoscience Research CentreData Management CentreRights ManagementWork and Activity AuthorizationsResource ConservationOffshore Health and SafetyEnvironmental ProtectionIndustrial BenefitsWritten CommentsKey ContactsWhat's NewThe CNSOPB has conducted a geological and geophysical assessment for the NS11-1 Parcels using all available data: Geology of the Western Scotian Margin and Parcel Prospectivity. Exploration Licence Terms and Conditions Bidding on each parcel will be based solely on the amount of money proposed to be expended on the exploration of the respective parcel (“Work Expenditure Bid”). The successful bidder(s) will be awarded an Exploration Licence (EL) with a maximum term of 9 years. The successful bidder will be required to post security for the performance of work in the amount of 25% of its Work Expenditure Bid within 30 days of being notified that its bid was successful. This Work Deposit is refundable to the extent of 25% of approved Allowable Expenditures, as more particularly described in the form of Exploration Licence. A 150% credit will be applied to allowable expenditures approved in the first three years. All bids must be accompanied by a confirmation of operating experience that satisfies the Board that the Bidder, its parent company or an affiliated company has operated, or has been a joint operator, in the drilling of exploration wells in water depths greater than 800 meters in the past ten (10) years. For more information: How to Bid Offshore Energy Technical Research Association: Play Fairway Analysis Project |
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