Form of Presentation of Applications for the Albania Free Exploration Blocks, Lorenc Gordani | Wednesday, June 24, 2015AEI Updates June 2015Posted by Adv. Lorenc Gordani, PhD Wed, June 24, 2015 23:12:05
The Ministry of Energy and Industry, through the National Agency of Natural Resources (AKBN) has announced the opening of available onshore and offshore areas for petroleum operation. In it announce the deadline for the Areas 4, 5 and Dumre, C and Panaja are foresee for the 15.07.2015. Meanwhile for the onshore and other offshore Areas, due to the consolidation of seismic data, to a postponed period.
The Address for submitting the Applications is Agjensia Kombetare e Burimeve Natyrore Bulevardi "Bajram Curri", Blloku "Vasil Shanto" Tirana, Albania www.akbn.gov.al to the attention to: Mr. Dael Dervishi Tel +355 4 2257117 Fax +355 4 2257382
The application including all documents and materials subject to application must be delivered in a sealed envelope delivered by registered mail or in person at protocol department of AKBN. The envelope must be clearly mark: Petroleum Exploration Project CONFIDENTIAL. There is no application fee.
Presentation of applications shall be in accordance with the provisions of Item IV below, taking into account the specific terms and conditions specified in the "Petroleum Law", No. 7746, date 28.07.1993, and the Decree of the President No. 782, date 22.02.1994.
For any additional information or clarification for the application process you may contact: Agjensia Kombetare e Burimeve Natyrore Bulevardi "Bajram Curri", Blloku "Vasil Shanto" Tirana Albania to the Att. Dael Dervishi Executive Director
Form of Presentation of Applications
1. An application will be presented in a sealed envelope.
2. An applicant may present applications for more than one Area, but each application will be made in a separate envelope.
3. A company or a group of companies may apply for a contract
4. An application shall contain the following:
4.1 The contract area to which the application applies.
4.2 In respect of each applicant:
4.2.A The name of the applicant in full.
4.2.B The nature of its business.
4.2.C The place of incorporation.
4.2.D The countries in which the applicant or applicants operate.
4.2.E Evidence of the registration of the company, financial standing and technical qualifications of the applicant, including the most recent audited accounts, and those for the previous three years, of the applicant and of any corporate body having control of such applicant.
4.3. The main terms proposed by the applicant in respect of the major aspects of the model Production Sharing Agreement i.e.
4.3.A Duration of exploration periods.
4.3.B Minimum exploration work obligations and financial commitments.
4.3.C Training and Administration Funds offered.
4.3.D Cost recovery and the net profit oil for Contractor.
4.4. Each application may contain the applicant’s technical evaluation of the area and an explanation of the adequacy of the proposed minimum work commitment in support of the Contractor's exploration concepts for the area.