On 06 August 2017, Gazprom International, PJSC Gazprom’s sole operator for upstream projects outside Russia, proceeded to Phase three of the well construction project in the Republic of Bangladesh.
A ceremony marking the commencement of drilling operations was attended by Mr. Janab Tofail Ahmed, Minister of Commerce of the Republic of Bangladesh, Mr. Nazimuddin Chowdhury, Deputy Minister of Energy and Mineral Resources of the Republic of Bangladesh, the managers of the government-owned corporation Petrobangla and the oil and gas company Bapex, as well as Nikita Shut, Director of the representative office of Gazprom International in Bangladesh.
In his address, Mr. Ahmed highlighted that the multiyear cooperation between the two countries — and with PJSC Gazprom in particular — had been productive. Four exploration wells (two of which by Gazprom International) have been drilled in Shahbazpur since 2008.
The contract was signed between Petrobangla and Gazprom International as part of the Bangladeshi government’s program for well construction and workover in gas fields. Since 2017, Gazprom’s operator has been participating in well construction and testing in Bangladeshi gas fields: 15 exploration and production wells have been drilled in the Republic’s seven fields in five years.
Gazprom’s major partner in Bangladesh, Petrobangla is a government-owned oil, gas, and mineral resources company.
According to corporative data, Bangladeshi proven hydrocarbon reserves total 15 TCF (over 400 BCM). Natural gas production amounts to ca. 27 BCM per year with an existing demand of more than 30 BCM.
In Bangladesh, a total of 26 gas fields have been discovered, including two, on the shelf of the Bay of Bengal.
Bangladesh had had no exploration activities in ten years until 2013. That is why, a new well drilling program was adopted. In 2010, Bangladeshi managers requested Gazprom to participate in the exploration and development of the country’s hydrocarbon fields, as well as the construction of a unified gas supply system.
At present, active negotiations are underway and a further action plan is being discussed in Bangladesh.