UK-based Cairn Energy will spend $117 million on further exploration and development drilling in Bangladesh's offshore gas fields, senior Bangladeshi energy official Nasir Uddin said.
Preparations have been completed and drilling will commence by this week, informed government official. Cairn has already completed 2D seismic surveys at Magnama in the Bay of Bengal, more than 60 kilometres south of the port city of Chittagong. The possible gas reserve at the offshore field might be 3.5 trillion cubic feet, energy officials have said. Cairn will drill two wells in Magnama and a further one in Hatiya, another offshore gas field where the company has already completed seismic surveys. Cairn is currently operating Bangladesh's only offshore gas field at Sangu in the Bay of Bengal.
Read More
No comments:
Post a Comment