Call For Exploration Bids Off Coast of Nova Scotia

CBC News  reported today that a call has been issued by the Canada-Nova Scotia Offshore Petroleum Board regarding four parcels located on the Scotian Slope. According to the CBC, CNSOPB CEO Stuart Pinks said that any exploration licenses awarded as a result of successful bids would be subject to provincial and federal approval.

As quoted in the publication:

The slope area lies in water that extends 850 kilometres from the United States international border in the southwest, to the Newfoundland provincial border in the northeast. The board says the four parcels, which have potential for both oil and gas, are found at depths between 100 metres and 4,100 metres.

Click here to read the full CBC News article.