BP Canada’s EL 2434R
BP Canada Energy Group ULC (BP Canada) has forfeited the $3 million drilling deposit it paid in 2021 for exploration licence 2434R (EL 2434R). This drilling deposit previously extended Period 1 of the exploration licence to the full nine years permitted by legislation. EL 2434R expired on January 14, 2022 and all lands have reverted to Crown Land.
CNSOPB staff are currently reviewing BP Canada’s allowable expenditures application and any work deposit forfeitures will be determined based on the results of that review.
Equinor Canada’s ELs 2435 and 2436
Equinor Canada ULC (Equinor Canada) did not drill a validation well on either of its two (2) exploration licences (ELs 2434 and 2435) prior to the expiry of Period 1. As a result, both of these exploration licences expired on January 14, 2022, at the end of Period 1, and all lands have reverted to Crown Land.
Equinor Canada has 30 days from the exploration licences’ expiry date to submit an Allowable Expenditures application(s) for consideration. Any work deposit forfeitures for these exploration licences will be determined based on the results of this review.
Information respecting the work deposit forfeitures for these three exploration licences will be posted on the CNSOPB website once known.
Additional Information
Inactive Exploration Licences
2021 Update on BP Canada’s Consolidation Exploration Licence
2020 Update on BP Canada’s Consolidated Exploration Licence
2019 Update on BP Canada’s Consolidated Exploration Licence
Notice of Fundamental Decision
Notice of Consolidated Licences
About the Board
The Canada-Nova Scotia Offshore Petroleum Board is the independent joint agency of the Governments of Canada and Nova Scotia responsible for the regulation of petroleum activities and resources offshore Nova Scotia
Contact:
Carl Makrides, P.Geo.
Director, Resources and Rights
Canada-Nova Scotia Offshore Petroleum Board
Main line: 902-422-5588
info@cnsopb.ns.ca