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The Minister of Mines announces Oil Tender at the APPEX Conference

in Afghan Business

The Minister of Mines announces Oil Tender at the APPEX Conference

Afghanistan is seeking bidders for oil exploration and production in the Afghan-Tajik Basin of northern Afghanistan. H.E. Minister Wahidullah Shahrani, Minister of Mines of the Islamic Republic of Afghanistan, announced today at the APPEX Conference in London that Afghanistan is seeking Expressions of Interest for contracts to explore, develop, and produce hydrocarbons in six exploration blocks in the region north of Mazar-i-Sharif. More than 60 potential hydrocarbon-bearing structures have been identified in the tender area, which will be open for exploration in early 2013.

“We are excited at the international interest this tender is generating,” said Minister Shahrani. “As our successful tender of the Amu Darya Basin oil blocks demonstrated, Afghanistan is an attractive market for the oil and gas sector. Development of the Afghan-Tajik Basin will further increase opportunity, improve infrastructure, and enhance the lives of citizens in Afghanistan.”
The Ministry is presently conducting 2-D seismic data gathering across the tender area to improve the quality of data available to bidders. It is expected that bidders will have access to this data. Afghanistan remains largely unexplored. The geology of northern Afghanistan is similar to the vast hydrocarbon reservoirs of Turkmenistan, Uzbekistan, and Tajikistan across the northern border.

In 2011, Afghanistan conducted a tender of three blocks in the Amu Darya Basin, which was won by a subsidiary of China National Petroleum Corporation and an Afghan partner company, Watan Oil and Gas. The consortium is expected to begin production later in 2012.

Expressions of Interest are due to the Ministry of Mines no later than 12:00 noon Kabul time on June 30, 2012. Further information may be obtained at the Ministry of Mines website, www.mom.gov.af



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