t seismic survey offshore,” said Petrobangla director (PSC) Md Quamruzzaman on Sunday. Petrobangla hopes to award the job by May through completing an evaluation. It has received bids from joint ventures like Tomlinson Geophysical Services Inc and Schlumberger, Russian DMNG JSC, US-based Geotrace Technologies, China National Petroleum Corporation and Norwegian Dolphin Geophysical. “Petrobangla is hopeful to complete the task within two years,” the director told daily sun. The qualified bidder would be able to sell its procured data on hydrocarbon concentrates in the bay to international oil companies by 10 years, he said. Petrobangla would not pay the awarded companies for surveys. “A total of 19 firms procured bidding documents, whereas almost 15 joint-venture companies participated in the bidding process.” Quamruzzaman said the contractors would get two years’ time for data capture, processing and interpretation, adding that the total tenure of the agreement with the contractors would be 10 years. A new bidding round to drill oil and gas in the Bay of Bengal will begin on conclusion of the surveys, with the findings in hand, he said. “We’re taking preparation for the next bidding process.” The survey would cover around 75,000-sqkm area in the bay with the water depth ranging between 20 metres and above 2,500 metres. The maritime areas of the country have been divided into 20 offshore blocks in the bay where the surveys would be carried out. The areas where Bangladesh’s lone exploration company Bangladesh Petroleum Exploration and Production Company Ltd (Bapex), a subsidiary of Petrobangla, and international oil companies have been carrying out explorations are kept outside the purview of the seismic survey programme. The survey aims to provide the oil and gas industry with 2D non-exclusive multi-client seismic data of offshore areas in order to help with basin evaluation, prospect generation and robust bid participation. This is for the first time Bangladesh has floated tender for conducting 2D seismic survey alone by foreign firms.The country’s last efforts during 2008 and 2012 did not get much response from oil companies due to the disputes.Bangladesh could award only parts of two deepwater blocks—DS-08-10 and DS-08-11—to ConocoPhillips of the USA and that too after a series of meetings three years after the launch of the bidding round on June 16, 2011. ConocoPhillips, however, pulled out from both the blocks by halting exploration activities on the claim that they found non-viable economic prospects there. Although Bangladesh had selected UK’s Tullow for shallow-water block SS-08-05 during the 2008 bidding, it could not ink a production-sharing contract (PSC) because of the dispute with India. The country, however, awarded shallow-water block SS-11 to a joint venture of Australia’s Santos and Singapore’s KrisEnergy and SS-04 and SS-09 to the joint venture of ONGC Videsh and Oil India Ltd under the 2012 bidding round. Also, only one bid each was obtained for three deep-water blocks—DS-12, DS-16 and DS-21—from the joint venture of ConocoPhillips and Norway’s Statoil during the 2012 bidding. There is a bright prospect of getting hydrocarbon in territorial waters as both India and Myanmar have already discovered substantial gas reserves in the bay. Myanmar has a reserve of 7.8 trillion cubic feet of gas in its 20 offshore blocks.
Monday, March 30, 2015
Five cos submit bids for seismic survey:Daily Sun
t seismic survey offshore,” said Petrobangla director (PSC) Md Quamruzzaman on Sunday. Petrobangla hopes to award the job by May through completing an evaluation. It has received bids from joint ventures like Tomlinson Geophysical Services Inc and Schlumberger, Russian DMNG JSC, US-based Geotrace Technologies, China National Petroleum Corporation and Norwegian Dolphin Geophysical. “Petrobangla is hopeful to complete the task within two years,” the director told daily sun. The qualified bidder would be able to sell its procured data on hydrocarbon concentrates in the bay to international oil companies by 10 years, he said. Petrobangla would not pay the awarded companies for surveys. “A total of 19 firms procured bidding documents, whereas almost 15 joint-venture companies participated in the bidding process.” Quamruzzaman said the contractors would get two years’ time for data capture, processing and interpretation, adding that the total tenure of the agreement with the contractors would be 10 years. A new bidding round to drill oil and gas in the Bay of Bengal will begin on conclusion of the surveys, with the findings in hand, he said. “We’re taking preparation for the next bidding process.” The survey would cover around 75,000-sqkm area in the bay with the water depth ranging between 20 metres and above 2,500 metres. The maritime areas of the country have been divided into 20 offshore blocks in the bay where the surveys would be carried out. The areas where Bangladesh’s lone exploration company Bangladesh Petroleum Exploration and Production Company Ltd (Bapex), a subsidiary of Petrobangla, and international oil companies have been carrying out explorations are kept outside the purview of the seismic survey programme. The survey aims to provide the oil and gas industry with 2D non-exclusive multi-client seismic data of offshore areas in order to help with basin evaluation, prospect generation and robust bid participation. This is for the first time Bangladesh has floated tender for conducting 2D seismic survey alone by foreign firms.The country’s last efforts during 2008 and 2012 did not get much response from oil companies due to the disputes.Bangladesh could award only parts of two deepwater blocks—DS-08-10 and DS-08-11—to ConocoPhillips of the USA and that too after a series of meetings three years after the launch of the bidding round on June 16, 2011. ConocoPhillips, however, pulled out from both the blocks by halting exploration activities on the claim that they found non-viable economic prospects there. Although Bangladesh had selected UK’s Tullow for shallow-water block SS-08-05 during the 2008 bidding, it could not ink a production-sharing contract (PSC) because of the dispute with India. The country, however, awarded shallow-water block SS-11 to a joint venture of Australia’s Santos and Singapore’s KrisEnergy and SS-04 and SS-09 to the joint venture of ONGC Videsh and Oil India Ltd under the 2012 bidding round. Also, only one bid each was obtained for three deep-water blocks—DS-12, DS-16 and DS-21—from the joint venture of ConocoPhillips and Norway’s Statoil during the 2012 bidding. There is a bright prospect of getting hydrocarbon in territorial waters as both India and Myanmar have already discovered substantial gas reserves in the bay. Myanmar has a reserve of 7.8 trillion cubic feet of gas in its 20 offshore blocks.
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