Client Alert: First Afghan Hydrocarbon Bidding Round (2009)

The Government of the Islamic Republic of Afghanistan, represented by the Ministry of Mines, has announced a Bidding Round for the award of Exploration and Production Sharing Contracts for Hydrocarbon Operations in 3 blocks in Northern Afghanistan. There will be road shows in Dubai, London, Calgary, Houston and Singapore during April and May 2009. The deadline to apply for pre-qualification is June 15, 2009.

Gustavson Associates has studied the hydrocarbon potential in Northern Afghanistan extensively since 2004, and has visited several of the fields that are currently in production. The company has prepared reserve and resource estimates for the blocks being offered, and has completed an analysis of current and potential gas markets. We are available to advise companies that may be interested in participating in the bid round.