Bangladesh finds new gas

Published Jul 14, 2012 10:35am

Gas pipeline—File Photo
Gas pipeline—File Photo

DHAKA: State-run Bangladesh Petroleum Exploration and Production Company Ltd(BAPEX) has found new deposits of natural gas in an onshore field at Srikail in Comilla district, about 100 km from the capital, a senior official said on Saturday.

“We discovered gas which is commercially viable, a major boost to resolve the existing energy crisis,” said Mortuza Ahmad Faruque, managing director of BAPEX.

He told Reuters that BAPEX found presence of gas at 3,020 meters from the surface at Srikail while drilling an exploratory well.

He was optimistic about the presence of another gas layer at around 2,900 meters depth at Srikail.

“The new field is of a medium size with the recoverable reserve of around 300 billion cubic feet (Bcf),” Faruque said.

He said that around 30 million cubic feet (mmcf) of gas could be produced daily from the well from December.

BAPEX initiated drilling the exploration well on May 5, 2012 and continued until June 30, at a cost of $9.81 million, Faruque said.

Bangladesh's overall gas production is now around 2.15 Bcf per day against demand for over 2.7-3.0 Bcf per day.


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Comments (2) (Closed)


Nasir Khan
Jul 14, 2012 03:03pm
Great news. Hope Bangladesh prospers in every field.
ahmed
Jul 14, 2012 10:46am
Just see how they are blessed by God & we going down due to our corruption and selfishness.