Notice Inviting Bids for Oil and Natural Gas Exploration Under Bangladesh Offshore Bidding Round 2026
About This Opportunity
This is a works contract in the energy and power, finance and banking and architecture and engineering sectors. Located in Bangladesh, Asia, this opportunity is open to firms and consortiums. Proposals must be submitted before November 30, 2026.
Published through BPPA (Bangladesh), a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for civil works in the energy and power sector. Works contracts of this nature generally require demonstrated experience in similar infrastructure projects, adequate equipment and technical personnel, and financial capacity including bank guarantees. Interested parties should review the full documentation on the original source before submitting their proposal.
Description
Published by Ministry of Energy, Power and Minearal Resources, Bangladesh Oil, Gas & Mineral Corporation (Petrobangla). Procuring Entity: Petrobangla. 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. 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. Procurement Method: ICT Open Tendering Method. Budget and Source of Funds: Own Funds Tenderer's Finance. Eligibility Requirements: 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.. Location: Dhaka, Bangladesh. Tender Document Price: BDT US$ 7,000. Contact: Engr. Md. Shoyeb, Director, Production Sharing Contract (PSC). Address: Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) Level-3, Petrocentre, 3 Kawran Bazar C/A, Dhaka-1215, Bangladesh.
Data provenance
This notice is sourced from BPPA (Bangladesh) and was originally published on June 2, 2026. Last refreshed today. Reference: 97573. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
Frequently asked questions about this tender
What type of contract is this?
This is a Works contract in the Energy & Power sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
Where will the contract be performed?
The contract is for delivery in Bangladesh. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
How can I submit a bid?
Visit BPPA (Bangladesh) to access the full notice, required documents, and submission instructions. Quote reference 97573 when communicating with the contracting authority.
When does this tender close?
The submission deadline is November 30, 2026. You have 115 days left to prepare and submit your proposal to the contracting authority.
Who is the contracting authority?
This notice was issued by Petrobangla in Bangladesh. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
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