Canadian Agency Extends Deadline for Bids Offshore Labrador

The Canada-Newfoundland and Labrador Offshore Petroleum Board has not yet finalized the strategic environmental assessment (SEA) of the area containing the four parcels offered in Call for Bids NL07-2 (Labrador Offshore Region). As a result, the planned August 1, 2008 closing date for Call for Bids NL07-2 will now be extended in accordance with paragraph 3.2 (b.1) of the Call for Bids NL07-2. We do not anticipate the additional period will be longer than six weeks.

The Board will advise potential bidders of the revised Closing Date and will post a Notice of Extension under the heading “What’s New” on the Board’s website.