ARCHIVED - Nominations Invited for the Mackenzie Delta/Beaufort Sea
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Volume 7, Number 5
Call for Nominations Launched
The Minister of Indian Affairs and Northern Development is inviting industry to select exploration acreage over 100 million hectares (400 000 square miles) in the Mackenzie Delta, Beaufort Sea and western Arctic Islands.
The Call for Nominations opens at 9:00 a.m. on November 30 and will remain open for seven weeks, closing at 4:00 p.m. (Eastern Time) on January 12, 2001.
Nominations received within the time allotted will be considered for inclusion in a Call for Bidstentatively scheduled to be issued in late January or early February.
The general terms and conditions of any subsequent Call for Bids may be found on our website. Please note that for the 2001 Calls for Bids, we are considering the inclusion of a well deposit provision.
The outer boundaries of the Call area are indicated on the attached map. Visit our website to obtain a copy of the map (PDF, 318 Kb, 1 page).
The size of parcels nominated will vary according to location. The table of minimum and maximum size of parcels (Table I) in the Call for Nominations document, now includes the size of parcels straddling Line "A".
For More Information on Calls for Nominations and/or Bids please contact us:
by phone: (819) 997-0877
by fax :(819) 953-5828 or
via e-mail to the Director: Fortierm@ainc-inac.gc.ca
or Rights Issuance: Desjardinsm@ainc-inac.gc.ca
That there is high potential for oil and gas in the Beaufort Sea/Mackenzie Delta has been proven by the 53 discoveries already made. The basin is remarkable for its proven potential, the scale of investment which has been sunk in exploration over 20 years, and -- until Ikhil in 1999 -- the absence of development.
In the late 1980s, the northern focus of exploration was oil from the onshore Mackenzie Delta. At that time it was estimated that roughly double the existing discovered oil resource would have to be found in closely-spaced fields to make the construction of an oil pipeline south to Norman Wells a profitable venture. Today the focus is on gas. Results of the 1999 and 2000 calls for bids in the Mackenzie Delta is sending a strong signal that northern resources are needed and can be profitably developed.
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