Bangladesh pitches competitive offshore terms to global oil, gas companies at World Energies Summit
At the summit, Bangladesh is highlighting competitive PSC terms, modern seismic data, and the Bay of Bengal’s largely unexplored hydrocarbon potential to attract international oil and gas companies.
Bangladesh has invited global oil and gas companies to invest in 26 offshore blocks, highlighting competitive terms under its Offshore Model Production Sharing Contract (PSC) 2026 and the Bay of Bengal's largely unexplored hydrocarbon potential at the World Energies Summit in London.
The investment pitch was made at a ministerial session on the Strategic Stage of the summit today (29 September), where Bangladesh invited international energy companies to participate in the Bangladesh Offshore Bidding Round 2026.
Under the bidding round, 26 offshore blocks -- 11 in shallow water and 15 in deep water -- have been opened to international investors.
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State Minister for Power, Energy and Mineral Resources Anindya Islam Amit highlighted Bangladesh's growing energy demand, driven by rapid economic expansion.
He said the government was working to increase exploration and production of domestic gas and other energy resources.
The minister also urged international oil and gas companies to participate in the ongoing offshore bidding round.
At the summit, Invest Bangladesh Chairman Chowdhury Ashik Mahmud Bin Harun presented an overview of the country's economic situation, highlighting macroeconomic stability, investment flows and government measures aimed at facilitating international investment.
The Bangladesh delegation also presented the Bay of Bengal's unexplored offshore potential, the availability of modern seismic data and the commercial terms offered under the Offshore Model PSC 2026.
The government has been seeking international investment in offshore exploration to boost exploration and production of domestic gas and other energy resources.
At the session, the Bangladesh delegation encouraged international energy companies to review the country's geological and seismic data before deciding on their participation in the bidding round.
The delegation also requested interested companies to engage directly with the government and Petrobangla for further information and to participate in the bidding process.
