Author`s name Pravda.Ru

Offshore Nova Scotia Bids Delayed - Comments

A call for bids for offshore Nova Scotia licenses has been delayed by federal and provincial regulators. The Canada-Nova Scotia Offshore Petroleum Board gave no reason for its decision to defer the June bids. It is following Newfoundland's announcement in early last month calling off its 2002 offshore land sale. The Canada-Newfoundland Offshore Petroleum Board said a recent boundary decision slicing through several existing licenses, and the shift toward deeper water exploration influenced its decision to delay the sale.

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