Bangladesh Opens Bay of Bengal Bids

The Bangladeshi Government is inviting international oil companies to bid for 28 oil and gas blocks in the hydrocarbon rich Bay of Bengal.

State-run oil company Petrobangla has invited bids for eight shallow water blocks and 20 deep sea blocks, with an exploration area between 3,000km² and 7,000km², writes India's Economic Times.

Global oil companies can submit their offer by 7 May 2008.

By staff writer