Gazprom to drill 5 wells

With a view to meeting the ever-increasing demand for gas, the government is going to grant permission to Gazprom International Investment B.V., a Russian gas exploration company, to drill five wells in Srikail, Bakhrabad and Rashidpur gas fields for immediate production of gas.
The Russian company will explore the wells Srikile-4, Bakhrabad-10 and Rashidpur-9, 10 and 12 at a cost of USD 98,193,264.
The energy ministry has already prepared a proposal in this connection, which will be placed at today's meeting of the Cabinet Committee on Purchases.
According to the proposal, Gazprom will be able to produce 176 million cubic feet per day (MMcfd) gas from the five wells, which is 16 per cent of the total production of Petrobangla. Prime Minister Sheikh Hasina has already given the go-ahead to the process of providing the Russian company with a work order in this connection, says the proposal.
Gazprom will drill the gas wells under the Speedy Supply of Power and Energy (Special Provision) Act, 2010, to produce gas within the shortest possible time.
The Bangladesh Gas Fields Company Limited (BGFCL), the Sylhet Gas Fields Company Limited (SGFCL), the Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) signed an agreement with Gazprom on April 26, 2012, to drill 10 wells in five gas fields.
Under the agreement, the Russian company has drilled four wells at Titas gas field, one at Rashidpur field and two each at Shahabajpur and Semutang fields and one at the Begumganj field of BAPEX.
Currently, the country’s rate of gas production is 2,332 MMcfd. At least 25 gas fields have so far been discovered in the country, while 19 gas fields are currently in production. By 2015–16, the country's overall demand for gas is estimated to be 3,800 million cubic feet per day.
At present, 2,330 mmscfd gas is being consumed by power (41 per cent), fertilisers (7 per cent), industry and tea estates (17 per cent), captive power (17 per cent), CNG (5 per cent), commercial activities (1 per cent) and domestic activities (12 per cent).
Around 2.5 million customers of different sectors and 72 gas-based power plants use natural gas in the country at present.

Gazprom to drill 5 wells

With a view to meeting the ever-increasing demand for gas, the government is going to grant permission to Gazprom International Investment B.V., a Russian gas exploration company, to drill five wells in Srikail, Bakhrabad and Rashidpur gas fields for immediate production of gas. The Russian company will explore the wells Srikile-4, Bakhrabad-10 and Rashidpur-9, 10 and 12 at a cost of USD 98,193,264. The energy ministry has already prepared a proposal in this connection, which will be placed at todays meeting of the Cabinet Committee on Purchases. According to the proposal, Gazprom will be able to produce 176 million cubic feet per day (MMcfd) gas from the five wells, which is 16 per cent of the total production of Petrobangla. Prime Minister Sheikh Hasina has already given the go-ahead to the process of providing the Russian company with a work order in this connection, says the proposal. Gazprom will drill the gas wells under the Speedy Supply of Power and Energy (Special Provision) Act, 2010, to produce gas within the shortest possible time. The Bangladesh Gas Fields Company Limited (BGFCL), the Sylhet Gas Fields Company Limited (SGFCL), the Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) signed an agreement with Gazprom on April 26, 2012, to drill 10 wells in five gas fields. Under the agreement, the Russian company has drilled four wells at Titas gas field, one at Rashidpur field and two each at Shahabajpur and Semutang fields and one at the Begumganj field of BAPEX. Currently, the countrys rate of gas production is 2,332 MMcfd. At least 25 gas fields have so far been discovered in the country, while 19 gas fields are currently in production. By 201516, the countrys overall demand for gas is estimated to be 3,800 million cubic feet per day. At present, 2,330 mmscfd gas is being consumed by power (41 per cent), fertilisers (7 per cent), industry and tea estates (17 per cent), captive power (17 per cent), CNG (5 per cent), commercial activities (1 per cent) and domestic activities (12 per cent). Around 2.5 million customers of different sectors and 72 gas-based power plants use natural gas in the country at present.