Canada: C-NLOP Announces Call for Nominations of Lands in Offshore Area

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced a call for nominations of lands in the offshore area from industry stakeholders to be considered for a possible call for bids in 2011.

Call for Nominations NL10-01 provides instruction on the maximum and minimum parcel size for nominating lands, and the administrative procedures for the posting and submittal of nominations.

A call for nominations is a preliminary step prior to a competitive call for bids. A call for nominations provides interested parties with the opportunity to nominate areas of interest to be included in a subsequent call for bids. The Board has the right to nominate lands on its own initiative for inclusion in a call for bids. The Board is not bound to proceed with a call for bids in respect of any lands nominated, nor is a nominee obligated to bid on any lands nominated and included in a subsequent call for bids.

Interested parties will have until 4:00 p.m. on November 2, 2010 to submit sealed nominations to the Canada-Newfoundland and Labrador Offshore Petroleum Board.

For details click here.

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Source: cnlopb, September 9, 2010: