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Daewoo International Proposes to Explore for Oil, Gas Offshore Bangladesh

stander
stander
in Oil, Gas and Energy News

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Daewoo International Corporation has submitted request for proposal (RFP) documents to explore and develop oil and gas resources in Bangladesh’s deep sea blocks.


According to Dhaka Tribune, a local newspaper, unlike usual bidding rounds, the government will purchase oil and gas in the Bay of Bengal at a competitive price, to be quoted by the international oil company (IOC) in bids.


In previous bidding rounds, Petrobangla fixed the prices for oil and gas in model production sharing contracts (PSC) before launching bids.


http://www.naturalgasasia.com/daewoo-international-proposes-to-explore-for-oil-gas-offshore-bangladesh-18444


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