CRITERIA FOR EVALUATIO=
N
Applicants in the PECR for Petroleum are required to
submit documentation in accordance with Department Circular No. DC 2006-12-0014, which includes
The objective of the DOE is to achieve thorough resour=
ce
evaluation, efficient exploration and maximum exploration success in the
contract areas.
To this end, DOE will select applicants that can
demonstrate a good understanding of the possible resource potential of the
block in question, and will carry out a work program that will efficiently =
map
and test this potential.
Preferred
applicants will have experience from exploration and field development in
similar areas and will have the necessary risk capital and finance capabili=
ty
to explore and develop the possible oil and gas resources.
In evaluating the documentation submitted by individual
applicants, the DOE Contracts Negotiation Panel will judge the applicants b=
ased
on the criteria listed below. The weighing factors are indicative and DOE
reserves the right to reject any or all bids submitted.
|
Bid
items |
Key
elements |
Weighing
factor (indicative) |
|
Work program |
Resource potential and
exploration approach |
40
% |
|
Work commitment |
||
|
Development concepts |
||
|
Financial qualifications |
Evidence of available fund=
s |
20
% |
|
Finance track record |
||
|
Legal qualifications |
Completeness and validity =
of
required legal documents |
20% |
|
Technical qualifications |
Experience and track recor=
d |
20
% |
<= o:p>
Proposals will on=
ly
be accepted upon presentation of an original official receipt of payment of
processing fee. A processing fee of Php 0.48 per hectare will be charged.
Republic of the
= DEPARTMENT OF ENERGY