The Canada - Nova Scotia Offshore Petroleum Board (CNSOPB) has issued Call for Bids NS08-1. The Call consists of two industry nominated parcels, one in shallow water and one in deeper water. Bids must be received by Thursday, October 30, 2008, 4:00pm Atlantic Time.
The public is invited to submit written comments to the Board on the lands included in this Call for Bids. Written submissions must be received by Thursday October 16, 2008, 4:00pm Atlantic Time. Such submissions will be considered by the Board before an Exploration License is issued.
About the Parcels
The successful bidder(s) will be awarded an Exploration Licence (EL) subject to federal and provincial Ministerial approval. The ELs will include updated terms and conditions, for example:
Should the successful bidder later seek a Significant Discovery Licence (SDL) for the lands, the SDL will be subject to refundable escalating rentals.
Successful bidders will be required to perform a project specific environmental assessment before activity can begin. The parcels are within areas previously assessed from an environmental perspective, including the Sable Offshore Energy Project (SOEP) Environmental Impact Statement (1996), BEPCo. Canada's Comprehensive Study Report (2005) and the Deep Panuke Offshore Gas Development Project Comprehensive Study Report (2007).
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