(MENAFN) Dubai-based Dragon Oil is among seven energy firms that are likely to race with Exxon Mobil Corp for oil and gas exploration contracts in northern Afghanistan, Reuters reported.
According to Afghan Mining Ministry, Kuwait Energy, India's ONGC Videsh, Brazil's Petra Energia, Pakistan Petroleum, Thailand's PTT and Turkey's TPAO also expressed their interest in the tender. Bids will be received until October deadline.
Afghanistan is seeking bidders for the exploration, development and production of oil and gas in six blocks in the western portion of the Afghan-Tajik Basin in the country's north, estimated to contain several hundred million barrels of oil equivalent.
The ministry said it expects the tender process for the blocks in the Afghan-Tajik Basin to be completed by early next year, when the contracts will be awarded.
Last year, Afghanistan inked a deal with China National Petroleum Corp (CNPC) for the development of oil blocks in the Amu Darya basin, also in the north.
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