Dhaka, May 23 -- owned Petrobangla on Saturday launched the Offshore Bidding Round-2026, inviting international oil companies (IOCs) to explore hydrocarbons across 26 offshore blocks in Bangladesh's maritime territory.

Of the 26 blocks on offer, 11 are shallow-sea and 15 are deep-sea blocks. Successful bidders will sign agreements under the Bangladesh Offshore Model Production Sharing Contract (MPSC) 2026. Companies may submit bids individually or in joint ventures for one or more blocks, Petrobangla informed in a press note.

To attract investment, the bidding framework offers a range of incentives, including full repatriation of profits, no signature bonus or royalty obligations, gas pricing linked to international Brent crude, duty ex...