Selection Criteria

Bidding Criteria:

  • Production Participation: Production share offered (Weight 60%)
  • Additional work commitment: Additional work commitment in Working Units (UTEs), (Weight 40%)
  • Tie-breaker: Additional production share

There will be no further negotiations of either the State Participation or Work Commitments.

Blocks will be awarded based on a clear set of rules and the order of eligibility will made available immediately

Operators can only submit a maximum number of bids in accordance to their shareholder equity, as follows:

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