Bangladesh is planning to launch its next international licensing round within the next 12 months, writes Amanda Battersby.
Both offshore and onshore acreage for exploration will be up for grabs in the next bid exercise, according to State Minister for Power, Energy & Mineral Resources, Nasrul Hamid.
“We’ve revised the existing model of the production sharing contract with an increased gas price to attract international oil companies, as the response from them was not positive in the past due to the low gas price,” Nasrul said.
