The ministry announced on its website that companies would be required to submit their expressions of interest in 11 shallow and 19 deep-water blocks by 14 June, after which bidders will be selected.
“The potential bidders will be allowed to submit up to three proposals for any three offshore blocks (shallow-water and/or deep-water and/or both),” it said in the statement.
Under the terms of the bidding round, potential bidders are required to partner with at least one state-owned company of their choosing in the shallow-water blocks.
