| 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. |
Date Of Corrigendum |
: |
13/10/2026 |
| Tender Last Selling Date |
: |
31/03/2027 |
| Tender Closing Date |
: |
31/03/2027 |
| Tender Closing Time |
: |
1:00 pm BST (GMT+6) |
| Tender Opening Date |
: |
31/03/2027 |
| Tender Opening Time |
: |
1:00 pm BST (GMT+6) |
| Meeting Place |
: |
Director, Production Sharing Contract (PSC) Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) Level-3, Petrocentre, 3 Kawran Bazar C/A, Dhaka-1215, Bangladesh |
| Meeting Date |
: |
31/03/2027 |
| Meeting Time |
: |
1:00 pm BST (GMT+6) |
| Eligibility |
: |
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. |
| Goods Or Works Description |
: |
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. |
| Related Service Description |
: |
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 |
| Goods Delevery Date |
: |
N/A |
| Works Completion Date |
: |
N/A |
| Tender Document Price |
: |
US$ 7,000 |
| Publication Date |
: |
24/05/2026 |
| Note |
: |
1. Reference: BANGLADESH OFFSHORE BIDDING ROUND 2026
Application Closing Date & Time:
Previous Date and Time- not later than 1:00 pm BST, 30 November 2026
New Date and Time- not later than 1:00 pm BST, 31 March 2027
2. AVAILABILITY AND PRICES OF DATA SALES PACKAGES
The purchase of Data Sales Packages (DSPs) is optional. The prices of all ten (10) packages have been revised. Four (4) packages will be available free of cost on Petrobangla's website. The remaining six (6) packages will be available at a reduced nominal price of US$5,000 per complete package, as detailed below:
i) Data Package Content: Data Sales Package (DSP)-1 (31,000 LKM of vintage offshore seismic data from 1974–1976)
Previous Price: US$10/LKM
Revised Price: Free of cost (Available on Petrobangla's website)
ii) Data Package Content: Data Sales Package (DSP)-2 (Offshore wells)
Previous Price: US$5,000
Revised Price: Free of cost (Available on Petrobangla's website)
iii) Data Package Content: Data Sales Package (DSP)-3 (The Hydrocarbon Habitat Study)
Previous Price: US$5,000
Revised Price: Free of cost (Available on Petrobangla's website)
iv) Data Package Content: Data Sales Package (DSP)-4 (2D seismic data for Block SS-11)
Previous Price: US$314,600 (US$100/LKM)
Revised Price: US$5,000 per complete package
v) Data Package Content: Data Sales Package (DSP)-5 (3D seismic data for Block SS-11)
Previous Price: US$152,500 (US$500/sq. km)
Revised Price: US$5,000 per complete package
vi) Data Package Content: Data Sales Package (DSP)-6 (2D seismic data for Blocks DS-10 and DS-11)
Previous Price: US$268,000 (US$100/LKM)
Revised Price: US$5,000 per complete package
vii) Data Package Content: Data Sales Package (DSP)-7 (2D seismic data for Block DS-11 and part of Block SS-07)
Previous Price: US$307,700 (US$/100 LKM)
Revised Price: US$5,000 per complete package
viii) Data Package Content: Data Sales Package (DSP)-8 (2D seismic data for Block DS-12)
Previous Price: US$358,000 (US$100/LKM)
Revised Price: US$5,000 per complete package
ix) Data Package Content: Data Sales Package (DSP)-9 (2D seismic data for Blocks SS-04 and SS-09)
Previous Price: US$508,000 (US$100/LKM)
Revised Price: US$5,000 per complete package
x) Data Package Content: Data Sales Package (DSP)-10 (Kanchan-1x well data)
Previous Price: US$5,000
Revised Price: Free of cost (Available on Petrobangla's website)
|
| Status |
: |
Active |
Date Of Corrigendum |
: |
13/10/2026 |
| Tender Last Selling Date |
: |
10/03/2027 |
| Tender Closing Date |
: |
31/03/2027 |
| Tender Closing Time |
: |
1:00 pm BST (GMT+6) |
| Tender Opening Date |
: |
31/03/2027 |
| Tender Opening Time |
: |
1:00 pm BST (GMT+6) |
| Meeting Place |
: |
Director, Production Sharing Contract (PSC) Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) Level-3, Petrocentre, 3 Kawran Bazar C/A, Dhaka-1215, Bangladesh |
| Meeting Date |
: |
31/03/2027 |
| Meeting Time |
: |
1:00 pm BST (GMT+6) |
| Eligibility |
: |
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. |
| Goods Or Works Description |
: |
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. |
| Related Service Description |
: |
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 |
| Goods Delevery Date |
: |
N/A |
| Works Completion Date |
: |
N/A |
| Tender Document Price |
: |
US$ 7,000 |
| Publication Date |
: |
24/05/2026 |
| Note |
: |
1. Reference: BANGLADESH OFFSHORE BIDDING ROUND 2026 Application Closing Date & Time: Previous Date and Time- not later than 1:00 pm BST, 30 November 2026 New Date and Time- not later than 1:00 pm BST, 31 March 2027 2. AVAILABILITY AND PRICES OF DATA SALES PACKAGES The purchase of Data Sales Packages (DSPs) is optional. The prices of all ten (10) packages have been revised. Four (4) packages will be available free of cost on Petrobangla's website. The remaining six (6) packages will be available at a reduced nominal price of US$5,000 per complete package, as detailed below: i) Data Package Content: Data Sales Package (DSP)-1 (31,000 LKM of vintage offshore seismic data from 1974–1976) Previous Price: US$10/LKM Revised Price: Free of cost (Available on Petrobangla's website) ii) Data Package Content: Data Sales Package (DSP)-2 (Offshore wells) Previous Price: US$5,000 Revised Price: Free of cost (Available on Petrobangla's website) iii) Data Package Content: Data Sales Package (DSP)-3 (The Hydrocarbon Habitat Study) Previous Price: US$5,000 Revised Price: Free of cost (Available on Petrobangla's website) iv) Data Package Content: Data Sales Package (DSP)-4 (2D seismic data for Block SS-11) Previous Price: US$314,600 (US$100/LKM) Revised Price: US$5,000 per complete package v) Data Package Content: Data Sales Package (DSP)-5 (3D seismic data for Block SS-11) Previous Price: US$152,500 (US$500/sq. km) Revised Price: US$5,000 per complete package vi) Data Package Content: Data Sales Package (DSP)-6 (2D seismic data for Blocks DS-10 and DS-11) Previous Price: US$268,000 (US$100/LKM) Revised Price: US$5,000 per complete package vii) Data Package Content: Data Sales Package (DSP)-7 (2D seismic data for Block DS-11 and part of Block SS-07) Previous Price: US$307,700 (US$/100 LKM) Revised Price: US$5,000 per complete package viii) Data Package Content: Data Sales Package (DSP)-8 (2D seismic data for Block DS-12) Previous Price: US$358,000 (US$100/LKM) Revised Price: US$5,000 per complete package ix) Data Package Content: Data Sales Package (DSP)-9 (2D seismic data for Blocks SS-04 and SS-09) Previous Price: US$508,000 (US$100/LKM) Revised Price: US$5,000 per complete package x) Data Package Content: Data Sales Package (DSP)-10 (Kanchan-1x well data) Previous Price: US$5,000 Revised Price: Free of cost (Available on Petrobangla's website) |
| Status |
: |
Active |
|
