Eastern Canada NL12-01 and NL12-02 Lease Sale results
Wednesday, Dec 12, 2012
The Canada-Newfoundland Offshore Petroleum Board (CNLOPB) has announced the results of the lease that took place on 1 November 2012. The sale included seven parcels that covered approximately 4.45 million acres.
The result for both of the Call for Bids was USD116,875,875 in bids and all bidders were successful. Six of the seven parcels received valid bids and will carry a term of nine years, divided into two periods.
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