Doha, November 03 (QNA) – QatarEnergy announces a successful bid for Parcel 8 of the Orphan Basin, offshore the province of Newfoundland and Labrador in Canada.
The Parcel 8 winning bid by QatarEnergy (30% working interest) and ExxonMobil (operator, with a 70% working interest) was announced by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) as part of the 2022 Newfoundland and Labrador Call For Bids NL22-CFB01.
Commenting on this occasion, HE Minister of State for Energy Affairs Eng. Saad bin Sherida Al Kaabi said:
“We are pleased to be the successful bidder in Parcel 8 offshore Canada, and look forward to maturing the lead prospects potential, testing an exciting play within a transparent and stable regulatory environment.”
“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,” His Excellency added.
Located offshore Eastern Canada, Parcel 8 lies in water depths of 2,500 to 3,000 meters and covers an area of approximately 2,700 square kilometers. Entry to the Parcel 8 license is subject to customary government approvals.
(QNA)