| Ministry/Division : |
: |
Ministry of Energy, Power and Minearal Resources |
| Agency : |
: |
Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) |
| Procuring Entity Name : |
: |
Petrobangla |
| Procuring Entity Code : |
: |
|
| Procuring Entity District : |
: |
Dhaka |
| Invitation For |
: |
Works |
| Invitation Reference No |
: |
28.02.0000.000.052.02.0001.26.36 |
| Date |
: |
24/05/2026 |
KEY INFORMATION
|
| Procurement Method |
: |
ICT Open Tendering Method |
FUNDING INFORMATION
|
| Budget and Source of Funds : |
: |
Own Funds Tenderer's Finance |
| Development Partner |
: |
|
PARTICULAR INFORMATION
|
| Project/Programme Code |
: |
|
| Project/Programme Name |
: |
|
| Tender Package No |
: |
|
| Tender Package Name |
: |
Notice Inviting Bids for Oil and Natural Gas Exploration Under Bangladesh Offshore Bidding Round 2026 |
| Tender Publication Date |
: |
02/06/2026 |
| Tender Last Selling Date |
: |
09/11/2026 |
| Tender Closing Date and Time |
: |
30/11/2026 01:00 PM |
| Tender Opening Date and Time |
: |
30/11/2026 02:00 PM |
| Office Address Information |
|---|
|
Selling Tender Document (Principal)
|
Director, Production Sharing Contract (PSC)
Bangladesh Oil, Gas & Mineral Corporation (Petrobangla)
Petrocentre, 3 Kawran Bazar, Dhaka-1215, Bangladesh
Telephone 88-02-55013610, web site: www.petrobangla.org.bd
E-mail: dpscpb@petrobangla.org.bd with a CC to gm.contract@petrobangla.org.bd |
|
Receiving Tender Document
|
Director, Production Sharing Contract (PSC)
Bangladesh Oil, Gas & Mineral Corporation (Petrobangla)
Level-3, Petrocentre, 3 Kawran Bazar C/A,
Dhaka-1215, Bangladesh |
|
Opening Tender Document
|
Director, Production Sharing Contract (PSC)
Bangladesh Oil, Gas & Mineral Corporation (Petrobangla)
Level-3, Petrocentre, 3 Kawran Bazar C/A,
Dhaka-1215, Bangladesh |
|
Selling Tender Document (Others)
|
|
|
| Place/Date/Time of Tender Meeting (Optional) |
: |
Place : Bidders may seek clarifications on the terms and conditions of the bid. A pre-bid discussion will be held upon prior registration. Only bona fide E&P companies and reputed international E&P service companies or their authorized representatives will be eligible to attend. Date: Time: 03:00 PM |
INFORMATION FOR TENDERER
|
| Eligibility of Tenderer : |
: |
1. The bidder, whether an individual company or, in the case of a joint venture, at least one member must be an
operator of an offshore acreage with a minimum daily production of 5000 barrel of oil or 75 MMSCF of gas for SS
Blocks and 10,000 barrel of oil or 100 MMSCF of gas for DS Blocks.
2. Bidders must have at least one (1) global experience (other than home country) in the oil & gas exploration and
production.
3. Documentary evidence or certification of operatorship and/or global experience issued by the host country, state
host company and/or relevant regulator/Government agency. |
| Brief Description of Goods or Works : |
: |
The Government of the People’s Republic of Bangladesh and Petrobangla invite International Oil Companies
(IOCs) to bid for acreages for oil and gas exploration. Eleven (11) Shallow Sea Blocks (SS-01, 02, 03, 04, 05, 06,
07, 08, 09, 10 & 11) and fifteen (15) Deep Sea Blocks (DS-08, 09, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21 &
22) are currently offered for exploration by the IOCs. The bidder, either individually or in association with other
companies, may submit bid for one or more blocks. Contracts will be signed with the successful bidders in
accordance with the Bangladesh Offshore Model Production Sharing Contract (MPSC) 2026.
A bidder may participate in multiple blocks under a single purchase of the tender schedule. A separate application
must be submitted for each Shallow Sea Block and each Deep Sea Block; However, a bidder may apply for two
contiguous Deep Sea Blocks as a single contract. |
| Brief Description of Related Services : |
: |
CONTRACT FEATURES
• Full repatriation of profits.
• No Signature Bonus or Royalty.
• Attractive wellhead gas price linked to international marker crude Brent with floor and ceiling determined based on the lowest and highest average Brent prices over the preceding five (5) years.
• Contractor is entitled to a mutually agreed pipeline tariff, paid by the buyer, to support pipeline investment for both Shallow & Deep Sea Blocks.
• Petroleum Profit sharing based on the R-factor with biddable upper & lower limits.
• Oil price to be determined based on prevailing fair market value in South and Southeast Asia.
• Exemption from duties on equipment and machinery imported for petroleum operations during exploration, development, and production phases.
• Contractor’s Corporate Income Tax liability will be borne by Petrobangla.
• The bidder must be an operator of at least one offshore acreage with a minimum daily production of 5000 barrel of oil or 75 MMSCF of gas for SS Blocks and 10,000 barrel of oil or 100 MMSCF of gas for DS Blocks to be qualified for bidding.
• Provision for assignment of interest and transfer of shares.
• 100 percent cost recovery with a yearly cap of 75% for both Shallow and Deep Sea Blocks.
• Mandatory work program limited to 2D seismic survey; bids must include additional work commitments beyond the mandatory requirement.
• Provision for proportionate reduction of mandatory work obligations through the purchase of available 2D multi-client seismic data for the awarded blocks.
• If the first committed exploration well becomes dry or non-commercial, higher percentages of Contractor’s profit shares for the second or more wells.
• Investment protection through stabilization and expropriation provisions.
• Fixed Bank Guarantee for performance of the Minimum Exploration Program to be submitted after signing of the contract.
• Option to sell Contractor’s share of Natural Gas in the domestic market to a third party, at a negotiated price, subject to Petrobangla’s right of first refusal.
• Option to export Contractor’s share of Natural Gas subject to Petrobangla’s right of first refusal.
• Ten percent (10%) carried interest for BAPEX (applicable to Shallow Sea Blocks only).
• The Government reserves the right to limit award of number of blocks to any successful bidder. |
| Tender Document Price : |
: |
US$ 7,000 |
| Tender Lot Information |
|---|
| Lot No |
Identification |
Location |
Security Amount |
Completion Time in Weeks/Months |
|
|
|
|
|
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PROCURING ENTITY DETAILS
|
| Name of Official Inviting Tender : |
: |
Engr. Md. Shoyeb |
| Designation of Official Inviting Tender : |
: |
Director, Production Sharing Contract (PSC) |
| Address of Official Inviting Tender : |
: |
Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) Level-3, Petrocentre, 3 Kawran Bazar C/A, Dhaka-1215, Bangladesh |
| Contact Details of Official Inviting Tender : |
: |
Phone: +88-02-55013610 , Fax: , Email: dpscpb@petrobangla.org.bd |
| The procuring entity reserves the right to accept or reject all tenders |
