Dalhousie University Bidsandtenders #DAL-2026-22771623

Nova Scotia Subsurface Energy R&D Investment Program (SERDIP) Call for Participation

Nova Scotia is launching the Subsurface Energy R&D Investment Program (SERDIP) to advance exploration of onshore hydrocarbon resources. - Government buyer: Province of Nova Scotia - No specific OEMs or vendors are named in the solicitation - Services requested: - Exploratory drilling and subsurface energy research - Application of modern drilling and stimulation technologies - Geological research to assess onshore hydrocarbon potential - Successful participants will negotiate a Petroleum Exploration Agreement: - Exclusive rights to explore and produce oil and gas from designated lands - Initial term of three years, renewable up to nine years - Financial incentives provided to operators - Notable requirements: - Emphasis on environmental stewardship and regulatory compliance - Expedited review process for proposals - No specific products, part numbers, or purchase quantities listed

Description

The Subsurface Energy R&D Investment Program (SERDIP) is a provincial initiative aimed at exploring Nova Scotia's onshore hydrocarbon resources while ensuring environmental stewardship and transparency. The program offers financial incentives to operators to conduct exploratory drilling and advance scientific understanding of subsurface geology and modern drilling technologies in Nova Scotia. Successful proponents will negotiate a Petroleum Exploration Agreement granting exclusive exploration and production rights for up to 9 years. The project is expected to commence exploratory drilling in 2027, with the Province committed to expediting internal review processes while maintaining compliance with safety and regulatory requirements.

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