General Criteria for Participation

Potential investors are expected to be able to carry out

the scopes of the Petroleum Arrangement (PA) contract with due consideration of the specific nature and challenges of the assets which may require tailored solutions and advanced technologies. Such investors are expected to have the requisite upstream operating experience, technical capabilities including niche strengths, and financial strength in order to be considered for opportunities by PETRONAS.

 
The qualifications required to be an Operator and/or Equity Partner is summarised as follows:
 
Description Operator Equity Partner
Applicant Criteria Player with capabilities in the Exploration & Production (E&P) industry.
  1. Player with capabilities in the E&P industry; OR
  2. Financial players interested in investing in E&P assets are to participate through E&P players.
Technical Qualification
  1. Applicants to provide evidence of capability through experience as an operator and/or equity partner and its expertise in carrying out exploration, development and/or production activities.
  2. Applicants with no experience as an operator shall be required to have experience as an equity partner for at least 3 to 5 years in upstream PA assets.
Applicants to provide evidence of capability through experience as an operator and/or equity partner and its expertise in carrying out exploration, development and/or production activities.
Financial Strength To be determined based on asset
 

PETRONAS reserves the right to request for additional information for the purpose of evaluating the bidders’ proposals.
PETRONAS also reserves the absolute right and discretion on any decision concerning the bidding exercise and awards.