Alaska Governor on Drilling
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Results of the 2008 Call for Bids: Central Mackenzie Valley
News Release
The Minister of Indian Affairs and Northern Development hereby gives notice of the bids which have been selected in
response to the 2008 Central Mackenzie Valley Call for Bids. The call closed on June 2, 2008. Winning bidders
having submitted work deposits representing 25% of their work proposal bid will be eligible to receive an exploration
licence. In accordance with the requirements set out in the 2008 Central Mackenzie Valley Call for Bids, the following
bids have been selected:
Map indicating Winning Bids : (PDF 1,325 Kb) in PDF format
Parcel No.CMV-1
(82,100 ha more or less)
Work expenditure bid: $5,487,626.00
Work deposit: $1,371,906.50
Issuance Fee: $1,750.00
Bidder: MGM Energy Corp. - 50%
Devon ARL Corporation - 50%
Designated Representative : MGM Energy Corp
Exploration Licence: EL454
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4. NWT government supports and welcomes significant investments in Arctic exploration
News Release
June 6, 2008 - YELLOWKNIFE – Premier Roland welcomed companies tendering bids to explore for oil and gas in
the Beaufort Sea and Mackenzie Valley and Central Mackenzie Delta, saying that such significant investment will
help foster greater economic development in the Northwest Territories (NWT).
“Residents of the Beaufort Delta have benefited from oil and gas exploration investment which has helped them
participate more fully in the economy,” said Premier Roland. “Today’s bids are further proof that we have immense
economic opportunities in the NWT that are waiting to be unlocked.”
“We will promote these opportunities and attract the investment needed to turn them into new jobs and opportunities
for Northerners,” said Premier Roland. “This investment by industry will complement investments by governments in
priorities like the Mackenzie Gas Project and the Mackenzie Valley Highway.”
The Government of the Northwest Territories has placed a priority on encouraging greater economic development in
the NWT, including oil and gas development. The NWT’s discovered oil reserves are estimated at 2.8 billion barrels,
and its reserves of natural gas are estimated at almost 11 trillion cubic feet.
Premier Roland also said that a key government priority is to ensure that economic development is balanced with
environmental protection.
“NWT residents are strongly connected to the land, environment and wildlife,” said the Premier. “It’s important these
are protected, and it’s essential that we make Northern decisions about Northern lands so that we can make
appropriate choices as we grow.”
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Results of the 2008 Call for Bids: Beaufort Sea and Mackenzie Delta
News Release
The Minister of Indian Affairs and Northern Development hereby gives notice of the bids which have been selected in
response to the 2008 Beaufort Sea/Mackenzie Delta Call for Bids. The call closed on June 2, 2008. Winning bidders
having submitted work deposits representing 25% of their work proposal bid will be eligible to receive an exploration
licence. In accordance with the requirements set out in the 2008 Beaufort Sea/Mackenzie Delta Call for Bids, the
following bids have been selected:
Map indicating Winning Bids : (PDF 316 Kb) in PDF format
Parcel No.BSMD-1
(202,380 hectares more or less)
Work expenditure bid: $ 1,180,100,000.00
Work deposit: $ 295,025,000.00
Issuance Fee: $ 2,500.00
Bidder: BP Exploration Company Limited - 100%
Designated Representative BP Exploration Company Limited
Exploration Licence: EL449
Parcel No.BSMD-2
(41,323 hectares more or less)
Work expenditure bid: $ 1,754,636.00
Work deposit: $ 438,659.00
Issuance Fee: $ 1,500.00
Bidder: MGM Energy Corp. - 60%
ConocoPhillips Canada Resources Corp. - 27.5%
Phillips Petroleum Canada Ltd. - 6.25%
Designated Representative : MGM Energy Corp.
Exploration Licence: EL450
Parcel No.BSMD-3
(205,359 hectares more or less)
Work expenditure bid: $ 15,100,000.00
Work deposit: $ 3,775,000.00
Issuance Fee: $ 3,750.00
Bidder: BP Exploration Company Limited -100%
Designated Representative: BP Exploration Company Limited
Exploration Licence: EL451
Parcel No.BSMD-4
(196,497 hectares more or less)
Work expenditure bid: $ 2,543,896.00
Work deposit: $ 635,974.00
Issuance Fee: $ 2,750.00
Bidder: ConocoPhillips Canada Resources Corp. – 100%
Designated Representative : ConocoPhillips Canada Resources Corp.
Exploration Licence: EL452
Parcel No.BSMD-5
(203,635 hectares more or less)
Work expenditure bid: $ 1,100,000.00
Work deposit: $ 275,000.00
Issuance Fee: $ 3,500.00
Bidder: BP Exploration Company Limited -100%
Designated Representative : BP Exploration Company Limited
Exploration Licence: EL453
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