QatarEnergy Wins Offshore Exploration Block in Canada’s Orphan Basin

QatarEnergy Wins Offshore Exploration Block in Canada’s Orphan Basin

QatarEnergy scored a successful bid for Parcel 8 of the Orphan Basin, offshore the province of Newfoundland and Labrador in Canada.

The winning proposal for Parcel 8 was declared by the Canada-Newfoundland and Labrador Offshore Petroleum Board “C-NLOPB” as part of the 2022 Newfoundland and Labrador Call for Bids NL22-CFB01. It was submitted by QatarEnergy (30% working interest) and ExxonMobil (operator, with a 70% working interest).

Commenting on this occasion, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of QatarEnergy, said: “We are pleased to be the successful bidder in Parcel 8 offshore Canada, and look forward to maturing the lead prospect’s potential, testing an exciting play within a transparent and stable regulatory environment.”

His Excellency Minister Al-Kaabi added “This successful bid demonstrates our ambition to further increase our footprint in the Atlantic basin, as part of our international growth drive. I would like to take this opportunity to thank the C-NLOPB for an efficient tender process, as well as our strategic partner, ExxonMobil, for their excellent cooperation in achieving this result.”

The area of Parcel 8 is over 2,700 square kilometers, and it is situated offshore of Eastern Canada in water that is between 2,500 and 3,000 meters deep. The usual government approvals must be obtained in order to enter the Parcel 8 license.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register