Bangladesh now plans to launch its 2012 oil and gas offshore bidding round on December 9, after several delays, Husain Monsur, chairman of state-owned Petrobangla said Thursday.
He said that all preparations have been completed to launch the round, which will be the country’s fourth exploration bidding round and its second offshore one.
Bangladesh will offer a total of 12 offshore gas blocks in the Bay of Bengal in this round — nine in shallow water and three in deep water. It will also offer two discovered shallow water fields — Kutubdia and Teknaf — under “special package” terms for exploration, Platts reported previously.
Interested international oil companies will have 90 days to submit their bids, said Monsur.
“We are eyeing to award the gas blocks to bid winners by June 2013 to ensure that they can start exploration in the coming winter starting from October 2013,” he said.
Bangladesh’s Prime Minister, Sheikh Hasina, who is also in charge of the energy ministry, last week gave the final go-ahead for the bidding round.