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ExxonMobil launches auction for drilling services in the Black Sea

ExxonMobil has launched an auction in SEAP (the electronic public acquisition system) for a framework deal regarding drilling services in the Black Sea.

2018-01-30 12:57:02

The total estimated value, excluding VAT, is between 230 million and 420 million USD. The length of the deal is 36 months starting with the date when the contract is assigned, according to Business Review.

According to the participation announcement in SEAP, it is estimated that in a 2-3-month period from the signing of the framework agreement, a subsequent contract will be attributed, and in a period of around 14 to 16 months, the contracted entity will launch another invitation for the signatory party of the framework deal for the attribution of a subsequent contract.

The estimated minimum and maximum number of subsequent contracts which will be attributed based on the deal is from 1 to 3. The estimated value of the largest contract is 230 million USD and corresponds to the completion of marine drilling for a period of around 540 days. The length of the largest contract is estimated at 18 months.

The deadline for receiving offers or participation requests is March 6.



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