Summary of Bid Process & Minimum Bid Obligation

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

Main Contact Responsible (if different from above)