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 AreaSNOC %Partner(s) %OperatorSNOC CarryBidding Parameters
Concession A25%75%FarmeeCarry on exploration & appraisal (reimbursed during development phase)Bid Work Programme (Minimum 1firm well in first explo period)
Concession B50%50%SNOCNo carry - SNOC pays its share of costs as per equity.Bid bonus. Partner with SNOC on first exploration well (currently in planning phase)
Concession C25%75%FarmeeCarry 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)