Call for Bids NS13-1
The CNSOPB issued Call for Bids NS13-1 on April 22, 2013 for exploration rights for 6 parcels of land in the Nova Scotia offshore area. Bids must be received by October 24, 2013 before 4:00 p.m. Atlantic Standard Time.
Results from the Play Fairway Analysis, a $15 million research investment by Nova Scotia, provided an industry standard picture of the sub-sea petroleum geology in the offshore and assessed its oil and gas potential, leading to the lands included in the two previous Call for Bids.
In November 2012, exploration rights for four deep-water parcels to be licensed to BP Exploration Company Ltd. were announced. BP has committed to spending nearly $1.1 billion exploring these properties. At the same time, exploration rights to four parcels to be licensed to Shell Canada Ltd. was announced. Shell has committed to spend nearly $32 million for these properties. Earlier this year, Shell bid $970 million and was awarded four other deep-water parcels.