Newfoundland & Labrador Call for Bids Announced

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) have issued two calls for bids in the Eastern Newfoundland and Jeanne d’Arc Regions, under the Scheduled Land Tenure System.

  • Call for Bids NL16-CFB01 (Eastern Newfoundland Region) consists of 13 parcels and a total of 29 492 sq. km
  • Call for Bids NL16-CFB02 (Jeanne d'Arc Region) consists of 3 parcels and a total of 3 545 sq. km

The calls for bid were issued on 7 April, 2016. The deadline for submissions is 12:00 pm NST on 9 November, 2016.

The majority of the NL16-CFB01 blocks are located in the western Orphan Basin where PGS in partnership with TGS offer for license MC2D GeoStreamer® data, and the 4 550 sq. km MC3D-NL02-EN Orphan Basin GeoStreamer survey, acquired most recently in 2015.

A 3D PSTM fast-track volume is currently available for this survey with the final data imaging scheduled for completion in May 2016.

The main exploration targets highlighted by the MC3D survey in the Orphan Basin are Tertiary fan complexes, and in particular a large Eocene/Oligocene fan system which was observed for the first time on the long offset GeoStreamer MC2D data following the examination of angle stacks.

Further attribute work through a Quantitative Interpretation effort led by the PGS Reservoir Characterization group has produced further encouraging results which help to de-risk exploration in this exciting new area.

For more information, please contact mccanada@pgs.com

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