MOGE Request for Proposal for Joint Venture in Onshore Drilling Services. Closing Date Extended to 17 May 2017


UPDATE BY MOGE ON 7TH APRIL 2017

Further to the announcements of the Requests for Proposals for Joint Venture in Onshore Seismic Acquisition Services, Onshore Drilling Services and Onshore Pipeline Construction and Maintenance Services with Myanma Oil and Gas Enterprise, published on March 24, 2017, MOGE wishes to communicate the attached press release regarding an extension of the timeline for interested parties to submit their Applications. The Applications shall be submitted no later than 3 PM, local time (Nay Pyi Taw, Republic of the Union of Myanmar), on May 17, 2017.

Interested parties had been invited to submit questions regarding the RfP and comments on the draft Joint Venture Agreement by April 4, 2017. MOGE will duly respond to the questions submitted on April 12, 2017. Additionally, interested parties are now invited to submit a second round of questions regarding the RfP and comments on the draft Joint Venture Agreement no later than 12 PM (noon), local time (Nay Pyi Taw, Republic of the Union of Myanmar), on April 26, 2017, to which MOGE will duly respond.

Full details on the extension of timeline can be found in the attached press release or on the following website: www.mogemm.com.

Yours sincerely,

MOGE Tender Committee for Joint Venture Establishment in Petroleum Services

Myanma Oil and Gas Enterprise

REPUBLIC OF THE UNION OF MYANMAR

Ministry of Electricity and Energy

Myanma Oil and Gas Enterprise (MOGE)

Nay Pyi Taw

Request for Proposal for Joint Venture in Onshore Drilling Services

with Myanma Oil and Gas Enterprise

Date: March 24, 2017

MOGE is a state-owned enterprise which is responsible for the upstream oil and gas sector under the Ministry of Electricity and Energy (“MOEE“) of the Republic of the Union of Myanmar. MOGE intends to establish a joint venture with an internationally proven service company in onshore drilling services. The main goals are to strengthen MOGE’s technological know-how, upgrade its workforce, gain access to financing, adopt international best practices and widen market access.

MOGE had initially launched a public invitation for interested parties to submit a Letter of Expression of Interest (“LEOI“) for a Joint Venture in Onshore Drilling Services with MOGE in June 2014. MOGE is now launching this Request for Proposal (“RfP“) in the form of an open tender to interested parties, including but not limited to LEOI respondents from the LEOI exercise conducted in June 2014, to submit a response to this Request for Proposal (the “Application“). In this context, MOGE intends to select a suitable internationally proven drilling services company as the “Joint Venture Partner” through a step-by-step process: Phase 1: Request for Proposal; Phase 2: Evaluation Process; and Phase 3: Negotiations and Signing.

Interested parties are required to submit an Application no later than 3 PM, local time (Nay Pyi Taw, Republic of the Union of Myanmar), on April 24, 2017 to the following address: MOGE Tender Committee for Joint Venture Establishment in Petroleum Services (Drilling), Complex 44, MOGE Office, Nay Pyi Taw, Republic of the Union of Myanmar.

The RfP, which includes guidelines for submission, can be purchased by any interested party starting March 24, 2017 (excluding Saturdays, Sundays and Public Holidays) at Complex 44, MOGE Office, Nay Pyi Taw, Republic of the Union of Myanmar for a non-refundable cash payment of five hundred United States Dollars (USD 500). The purchaser will be provided with a payment acknowledgement when payment is made. Only Applications from Applicants that had purchased the RfP document officially from MOGE will be evaluated.

Interested parties who have purchased the RfP are welcome to submit questions regarding the RfP and comments on the draft Joint Venture Agreement attached in its annex, no later than 12 PM, local time (Nay Pyi Taw, Republic of the Union of Myanmar), on April 4, 2017, to which MOGE will duly respond to all questions submitted and issue a revised draft Joint Venture Agreement.

Source: Myanma Oil and Gas Enterprise Ministry of Electricity and Energy

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