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Although bid evaluation of the Third Licensing Round is still underway, it appears ConocoPhillips and Tullow Oil were successful participants. Reportedly, ConocoPhillips has secured eight deepwater blocks (DS-08-10, DS-08-11, DS-08-12, DS-08-17, DS-08-15, DS-08-16, DS-08-20 and DS-08-21), while Tullow submitted the winning bid for shallow-water block SS-08-05. Upon closure of the bid round on 7 May 2008, the Bangladesh Government received a total of 22 bids from eight companies for 15 offshore blocks (three shallow water, 12 deep water). A total of 28 Bay of Bengal blocks, eight in shallow water and 20 in deepwater, were offered for competitive bidding. Consideration is also being given to the launching of another offshore licensing round in early 2009.
This article is extracted from International Oil Letter, Vol 24 issue 29 dated 21st July 2008.
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