Offshore hydrocarbon reserves

Five cos submit tender for 2D survey

Five international geophysical companies have submitted tender documents for conducting a 2D multi-client seismic survey to hunt for offshore hydrocarbon reserves of Bangladesh's areas on Sunday.
Five companies are: Norway-US joint venture company TGS-NOPEC and Schlumberger, Chinese company BGP, Russian Dalmorneftegeophysica (DMNG), Russian Marine Arctic Geological Expedition (MAGE) and UK Based Spec Partners Ltd.
On December, 10, 2015 Petrobangla, on behalf of the government, invited re-tender to conduct 2D multi-client seismic survey.
Sector insiders said the invitation for re-tenders will delay the exploration and extraction of oil and gas in the country’s offshore areas.
The first survey of its kind in the country's history, a survey of this kind was deemed necessary following the settlement of Bangladesh's maritime boundaries with Myanmar and India.
The objective of the survey is to provide the oil and gas industry with 2D seismic data of the offshore areas of Bangladesh to aid basin evaluation, prospect generation and robust bid-round participation.
After a several year pause, the government plans to formulate a fresh production sharing contract (PSC) model to award offshore hydrocarbon blocks in the Bay of Bengal.

Offshore hydrocarbon reserves

Five cos submit tender for 2D survey

Five international geophysical companies have submitted tender documents for conducting a 2D multi-client seismic survey to hunt for offshore hydrocarbon reserves of Bangladeshs areas on Sunday. Five companies are: Norway-US joint venture company TGS-NOPEC and Schlumberger, Chinese company BGP, Russian Dalmorneftegeophysica (DMNG), Russian Marine Arctic Geological Expedition (MAGE) and UK Based Spec Partners Ltd. On December, 10, 2015 Petrobangla, on behalf of the government, invited re-tender to conduct 2D multi-client seismic survey. Sector insiders said the invitation for re-tenders will delay the exploration and extraction of oil and gas in the countrys offshore areas. The first survey of its kind in the countrys history, a survey of this kind was deemed necessary following the settlement of Bangladeshs maritime boundaries with Myanmar and India. The objective of the survey is to provide the oil and gas industry with 2D seismic data of the offshore areas of Bangladesh to aid basin evaluation, prospect generation and robust bid-round participation. After a several year pause, the government plans to formulate a fresh production sharing contract (PSC) model to award offshore hydrocarbon blocks in the Bay of Bengal.