Date : 2007-06-13

Title : Petroleum Exploration - ITB

Price :

Description :

Petroleum Exploration - ITB

Ministry of Petroleum & Natural Resources

(Directorate General of Petroleum Concessions)

1019-A, Pak Plaza, Blue Area.

Invitation to Bid for Grant of Petroleum Exploration Rights in Offshore Area of Pakistan, falling in Zone 0

Applications are invited for grant of Petroleum Exploration Rights over the following blocks:

1. Block No. 2466-7 (Offshore Indus North),

2. Block No. 2465-3 (Offshore Indus X),

3. Block No. 2465-4  (Offshore Indus Y) and

4. Block No. 2466-6 (Offshore Indus Z)

2. Bid documents can be obtained from the office of Director General Petroleum Concessions (DGPC), 1019-A, Pak Plaza, Fazal-e-Haq Road, Blue Area, Islamabad, on a written request and payment of a non-refundable fee of US $ 100 in favor of DGPC (or equivalent in rupees) through a bank draft.

3. Sealed application should be submitted by the interested exploration and production companies to DGPC, 1019-A, Pak Plaza, Fazal-e-Haq Road, Blue Area, Islamabad, by 10:00 a.m. (PST) on 14th July, 2007. Applications will be opened publicly by the Bid Opening Committee on the same day at 10:30 a.m. in DGPC office in the presence of the applicants or their representatives.

4. Bids submitted by all applicants will be considered as irrevocable and unconditional. In case any applicant states otherwise, his bid will not be accepted and will be treated as "non-responsive".

5. The bidding process will be governed by and construed under laws of Pakistan and any question or dispute regarding grant of a Petroleum Right or any matter or thing connected therewith shall be resolved through arbitration in Pakistan and in accordance with Pakistan laws as per Rule 81 of Pakistan Offshore Petroleum (Exploration and Production) Rules, 2003.

6. The successful applicant will be selected in accordance with the provisions of the applicable Pakistan Offshore Petroleum (Exploration and Production) Rules, 2003 Petroleum Exploration and Production Policy 2001 and the Bid Documents. First applicant may be given the opportunity to match the best work programme in application for the aforesaid blocks. This however cannot be claimed as a matter of right. The successful applicants will be notified as soon as possible.

7. In the event, any of the bidder(s) attempts to influence the DGPC in any manner whatsoever, it shall result in the disqualification of such bidder(s).

8. The units, where necessary, shall be quoted in metric system.

9. The government reserves the right to exercise the powers to accept or reject any application in the event of refusal to grant such petroleum right, the Government shall as far as possible provide the reasons therefore. The Government also reserves the right to cancel or annul the bidding process without specifying any reason therefore.

(Mohammad Naeem Malik)

Director General Petroleum Concessions

Tel: (92) (51) 9204176

Fax: (92) (51) 9213245