Myanmar: Tender Bid Submission in O&G Sector
The Ministry of Energy (“MOE”) under the State Administration Council (“SAC”) of Myanmar has issued two invitations for sealed bids to be submitted to function as:
- an operator and shareholder in the Yetagun Project (“Yetagun Project”) in the Moattama Offshore Area Blocks on a production-sharing contract basis (“PSC”); and
- a petroleum operator for the Htaukshabin-Kanni Oil Field (“HK Oil Field”) onshore oil fields on Improved Petroleum Recovery (“IPR”) basis.
The blocks include M-12, M-13 and M-14, and the project is the development of an offshore gas and condensate field in the Gulf of Moattama, an arm of the Andaman Sea off the coast of Myanmar. At the same time, HK Oil Field constitutes onshore oil deposits in the Myanmar’s Magwe region.
Interested bidders must submit a “Letter of Expression of Interest,” and other required documents for the projects mentioned above to the Director-General of the MOE’s Oil and Gas Planning Department in Building No. 6 in Naypyidaw by 12 pm (noon local time) on 20 May 2022 for the Yetagun Project, and by 17 June 2022 for the HK Oil Field. The Letters of Expression of Interest should have the following subjects mentioned:
- Yetagun Project: YETAGUN Project Tender Invitation (2022); and
- HK Oil Field: Myanmar Htaukshabin-Kanni Oil Field Bidding Round (2022).
The additional documents required for the bid are the prospective company’s Article of Association and a Memorandum of Association or Company Constitution. Interested bidders must also submit a Certificate of Incorporation, the most recent three years of Annual Reports and Financial Statements, or Financial Reports, Detailed Track Records, and other documents as requested.
For the HK Oil Field, if the prospective bidder is a foreign-owned company, it must submit details of a Myanmar national-owned company as a cooperating partner.
Please note: The tender submission must be made in person by the respective personnel of the company making the bid.
All bidders will be pre-qualified and selected on merit. Pre-qualified companies must comply with the terms and conditions set out in the agreements regarding submitting the proposal. The pre-qualified companies must propose the terms and conditions to be evaluated. The company that submits the best terms and conditions will be selected for the project.
For the HK Oil Field, the prospective bidders who pass pre-qualification will be presented with a General Overview of Htaukshabin-Kanni Oil Field’s data and information free of charge by the Geological / Geophysical Team of Myanma Oil and Gas Enterprise.
All applicants capable of meeting the qualification requirements are duly invited to submit bids.
If you have any questions or need assistance, please do not hesitate to contact us.
The information provided here is for information purposes only, and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
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