Tender for gas blocks in Jan
Sunday, 30 December 2007
Documents for the third-round bidding for gas blocks await Cabinet nod as the Energy Division has recently sent up those instruments of negotiations for endorsement, reports UNB.
The Energy Ministry sent the international bidding documents recently after completion of the necessary vetting by the Law Ministry and the National Board of Revenue (NBR).
The Energy Division also held an inter-ministerial meeting before sending the docu ments to the Cabinet Division. According to official sources, if the Council of Advisers approves the bidding documents, Petrobangla, the national hydrocarbon agency, would invite international tender for exploration of hydrocarbons in the country's maritime territory.
The sources said the government has earmarked 28 new gas blocks in the maritime belt for exploration in shallow and deep-sea zones. Each of the blocks will have an area of 2,000 to 7,000 sqkms. Officials said the 3rd-round bidding would have little scope for negotiation.
"We will want everything done on the basis of the merit of the offers," said one official, preferring anonymity. A model production-sharing contract (PSC) has been prepared for this latest round of bidding which will be the main basis for the international tender.
The Energy Ministry sent the international bidding documents recently after completion of the necessary vetting by the Law Ministry and the National Board of Revenue (NBR).
The Energy Division also held an inter-ministerial meeting before sending the docu ments to the Cabinet Division. According to official sources, if the Council of Advisers approves the bidding documents, Petrobangla, the national hydrocarbon agency, would invite international tender for exploration of hydrocarbons in the country's maritime territory.
The sources said the government has earmarked 28 new gas blocks in the maritime belt for exploration in shallow and deep-sea zones. Each of the blocks will have an area of 2,000 to 7,000 sqkms. Officials said the 3rd-round bidding would have little scope for negotiation.
"We will want everything done on the basis of the merit of the offers," said one official, preferring anonymity. A model production-sharing contract (PSC) has been prepared for this latest round of bidding which will be the main basis for the international tender.