Chinese and Turkish firms show interest in offshore bidding

Bangladesh initiated its second offshore bidding round on 24 May, inviting international oil companies to explore hydrocarbon resources in the Bay of Bengal. The tender covers 26 blocks, comprising 11 in shallow waters and 15 in deep-sea areas. Reports indicate that companies from China and Turkey have already collected the necessary bidding documents. Furthermore, the government is currently engaged in discussions with major global energy players, including ExxonMobil and BP, regarding the exploration opportunities.