2016 Eastern Newfoundland Region NL02-EN

Located 430 kilometres east-northeast of St. John’s, the 2016 license round covers the NL02-EN sector, which has been divided into 9 defined parcels by the C-NLOPB (NL16-CFB01-01 -> NL16-CFB01-09). The sector lies in the northwest portion of the Eastern Newfoundland Region and covers an area of 19,800 square kilometres. Water depths range from 1,000 metres on the slope to 3,000 metres in the eastern-most deep water region of the sector.

Multiple vintages of seismic data exist over this region of the Orphan Basin, with more recent 2D and 3D acquisitions available as multiclient data. The nearest offset wells to this sector are Hare Bay E-21, Blue H-28, Baie Verte J-57 and the recent Great Barasway F-66 well. To date, no wells have been drilled directly in this sector.

A publically released resource assessment for the region was released on August 24, 2016

Through the integration of satellite slick data, 2D long offset seismic, 3D long offset seismic and seabed coring, a new Lower Tertiary play trend has been identified in the West Orphan Basin. The discovery of this play trend is fully described in a recent Nalcor conference paper accepted for presentation at the Society of Exploration Geophysicists International Annual Meeting in Dallas, Texas this fall. This newly identified prospectivity has resulted in Beicip Franlab’s resource assessment identifying the in place resource potential of 25.5 billion barrels of oil and 20.6 trillion cubic feet of gas in this area.

In addition to the 9 defined parcels contained within the NL02-EN Sector (NL16-CFB01-01 -> NL16-CFB01-09), four open parcels from the 2015 bid round are also open to bidding (NL16-CFB01-10 -> NL16-CFB01-13).