EXPLORATION

Exxon, Conoco in record bid

EXXONMOBIL and ConocoPhillips have bid $C559 million ($A590.83 million) for exploration rights in Canada – the biggest bid on a parcel in the Newfoundland-Labrador offshore area's history.

Anthony Barich

The Canada-Newfoundland and Labrador Offshore Petroleum Board confirmed the bid, with ExxonMobil Canada having a 40% stake and ConocoPhillips Canada Resources and Suncor with 30% each. The area is in...

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