The Honourable Andrew Parsons, KC, Minister of Industry, Energy and Technology, today provided an update on the Request for Proposals (RFP) for the possible sale or lease of the Bull Arm Fabrication Site. The RFP, which closed in March 2024, explored potential options to maximize use of the Bull Arm Fabrication Site.
Following a fair and transparent process, which included the evaluation of proposals received, as well as completion of an economic and treasury impact analysis, the Provincial Government will commence commercial negotiations with two proponents – DF Barnes Services Ltd. and NARL Marketing LP.
Negotiations with the two parties will determine if the Provincial Government is able to reach an agreement that provides the maximum economic and employment benefit to the people of Newfoundland and Labrador, while also providing a viable long-term business opportunity for potential proponents. The RFP does not bind government to proceed with a sale or lease of the site to any of the respondents. A final decision will be made pending the outcome of the negotiations.
The Bull Arm Fabrication Site is Atlantic Canada’s largest fabrication site. It spans over 25 square kilometres with 10 kilometres of paved roadway, and 20,600 square metres of enclosed fabrication facilities and marine infrastructure. The site was originally developed for the Hibernia project in the 1990s but has played a key role in the development of a number of major projects since that time, including serving as the location for the construction and integration of major components for the Hebron project. The lease for the Bull Arm Site is currently held by Bull Arm Fabrication Inc., which operates the site on behalf of the Provincial Government.
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“I am pleased that we have entered the next phase of the RFP process and have officially commenced commercial negotiations with two well-established businesses in the province. The Bull Arm site is a valuable asset and any future decision on Bull Arm will be made to ensure maximum economic benefit for residents of the province.”
Honourable Andrew Parsons, KC
Minister of Industry, Energy and Technology
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