Five international companies submitted tender documents for conducting a 2D multi-client seismic survey to hunt for offshore hydrocarbon reserves of Bangladesh`s areas on Sunday.
On December, 10, 2015, Petrobangla, on behalf of the government, invited re-tender to conduct seismic survey.
The first survey of its kind in the country`s history, a survey of this kind was deemed necessary following the settlement of Bangladesh`s maritime boundaries with Myanmar and India.
The settlement of the maritime border awarded Bangladesh a territorial sea covering 118,000 square kilometres and an exclusive economic zone extending to 200 nautical miles.
The objective of the survey is to provide the oil and gas industry with 2D seismic data of the offshore areas of Bangladesh to aid basin evaluation, prospect generation and robust bid-round participation.
“Five interested geophysical companies submitted tender documents to conduct 2D seismic survey,” A director of the Bangladesh Oil, Gas and Mineral Corporation, commonly known as Petrobangla, told energynewsbd.com.
Five companies are: Norway-US joint venture TGS-NOPEC and Schlumberger, Chinese company BGP, Russian Dalmorneftegeophysica (DMNG) and Marine Arctic Geological Expedition (MAGE) and UK Based Spec Partners Ltd.
“We have formed a tender evaluation committee head by a director to evaluate the documents. After evaluation, Petrobangla will select a company and sign a 10-year deal,” he said.
He also said that the state owned organisation will not have any expenses because the work will be done with the own funds of the company which will get the award to conduct the survey work.
Petrobangla will share in the profits from selling the data after cost recovery, he added.
Interestingly, the government has yet to officially make it clear whether it is cancelling the previous bidding for which interested companies dropped proposals in March, 2015.
In April, 2015, a government evaluation committee recommended that the Energy and Mineral Resources Division signed a deal with Norway-US joint venture company TGS-NOPEC and Schlumberger to conduct the survey. US-based Geotrace came out second in that evaluation.
Some of the sector insiders informed energynewsbd.com that this might delay the exploration and extraction of oil and gas in the country’s offshore areas.
They also termed lack of guidance of decision-makers in appointing a selected surveyor as the main reason behind the slowing down in momentum of the government initiative.