QatarEnergy has announced a successful bid for Parcel 8 of the Orphan Basin, offshore the province of Newfoundland and Labrador in Canada, expanding its North American footprint.
\nThe 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.
\nCommenting on this occasion, HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi, also the President & CEO of QatarEnergy said, \u201cWe are pleased to be the successful bidder in Parcel 8 offshore Canada, and look forward to maturing the lead prospect\u2019s potential, testing an exciting play within a transparent and stable regulatory environment.\u201d
\nAl-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 co-operation in achieving this result.\u201d
\nLocated offshore Eastern Canada, Parcel 8 lies in water depths of 2,500 to 3,000 metres and covers an area of approximately 2,700 square kilometres.
\nThe entry to the Parcel 8 license is subject to customary government approvals, QatarEnergy said yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"
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