Project Profile
Location: 186 miles (300 kilometres) offshore the Nova Scotia coast, southeast of Halifax, Canada
Area: 5,405 sq. miles (14,000 sq. km)
Water depth: 328 - 9,843 feet (100 - 3,000 metres)
BP was the successful bidder for four deepwater exploration blocks five, six, seven and eight in the Call for Bids NS12-1, offshore Nova Scotia, Canada. The blocks together cover an area of almost 5,405 square miles (14,000 square kilometres) and are located approximately 186 miles (300 kilometres) off the Nova Scotia coast, southeast of Halifax, in water depths ranging from 328 to over 9,843 feet (100 to over 3,000 metres). As a condition of the issuance of an Exploration License, BP must post within thirty days a security with the Petroleum Board in the form of a Work Deposit. The CNSOPB would then award the Exploration Licenses to BP with an effective date of Jan 15, 2013. BP then must submit an Exploration Plan to the Petroleum Board within ninety days of that effective date.
Operators:
BP: Operator with 80% interest
Woodside: 20% interest