|Call for Bids NS11-1||Work Expenditure Bid|
The Terms of the Call for Bids required bidders to have experience in the drilling of exploration wells in water depths greater than 800 metres in the past ten years. Shell demonstrated that it has extensive worldwide experience in deepwater drilling including involvement in three previous deepwater exploratory wells drilled offshore Nova Scotia and Newfoundland.
“These Work Expenditure Bids are the highest received to date for parcels offshore of Canada’s east coast,” says Mr. Pinks. “These lands are located offshore Southwest Nova Scotia where recent studies have identified oil potential. It is also important for our community to know that we have a regulatory regime in place which serves to ensure that petroleum activities are only conducted by competent parties in a manner which holds the health and safety of offshore workers and the protection of the offshore environment paramount.”
No bids were received on the other four parcels included in Call for Bids NS11-1.