Summary of Bid Process & Minimum Bid Obligation
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Summary of Bid Process &
Minimum Bid Obligation
Register
Become “Interested Party”
- Submit registration details (website, or to Envoi )
- Provide contact point details
Qualify
Become “Qualified Company”
- Qualify as Operator or Non-Operator
- Sign CA
- See tender protocol for full instructions
Dataroom
Access granted to free virtual Dataroom
- Access to review seismic (virtual workstation)
- Access to commercial documents (Concession Agreement, JOA)
- Copy of 3D seismic available under licence if required
Submit Bids
Become “Qualified Bidder”
- Bids Due by 9th Dec
Concession Areas - Minimum Obligations
| Concession Area | SNOC % | Partner(s) % | Operator | SNOC Carry | Bidding Parameters |
|---|---|---|---|---|---|
| Concession A | 25% | 75% | Farmee | Carry on exploration & appraisal (reimbursed during development phase) | Bid Work Programme (Minimum 1firm well in first explo period) |
| Concession B | 50% | 50% | SNOC | No carry - SNOC pays its share of costs as per equity. | Bid bonus. Partner with SNOC on first exploration well (currently in planning phase) |
| Concession C | 25% | 75% | Farmee | Carry on exploration & appraisal (reimbursed during development phase) | Bid Work Programme (Minimum 600sqkm 3D seismic in first explo period) |
COMPANY REGISTRATION FOR LICENCE ROUND