AnnouncementsLPA NEW PRESIDENT
The Minister of Energy and Water, Arthur Nazarian, issued decision number 3 dated 8 August 2014, announcing that the deadline to submit bids for the first licensing round has been extended from 14 August 2014, to a maximum period of six months from the date of the adoption of the two decrees related to block delineation, and the tender protocol and the model exploration and production agreement (EPA).
Pre-Qualification for the First License Round is now closed.
|PROCESS||ESTIMATED TIMEFRAME (from the date of the adoption of the two decrees)|
|Pre-Qualification||February – April 2013|
|Submission of Applications||Up to six (6) months|
|Bid Evaluation||Up to two (2) months|
|Award||Up to four (4) months|
Licensing Round Documentation