PV1 5.26% 1.8¢ provaris energy ltd

myanmar

  1. 15 Posts.
    Below article posted by deloitte sheds more light on the bidding process in particular the below paragraph.

    Potential bidders will be selected and presented with a general overview of each block consisting of representative data and information (free of charge by the Geological/Geophysical Team of the Myanma Oil and Gas Enterprise). They will then be provided with the Standard Terms and Conditions for the submission of proposals. Potential bidders are allowed to submit up to three proposals for three onshore blocks with proposed Terms and Conditions. Proposals are to be made on a block-by-block basis. Proposals with the best offered Terms and Conditions will be selected for the award of a block. Potential bidders must participate with at least one company that is owned by a Myanmar national and registered with the Energy planning department. The Energy planning department will provide a list of said companies to interested foreign companies.


    http://www.psg.deloitte.com/newslicensingrounds_mm_130127.asp
 
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