The government of Bangladesh has adopted a number of projects aimed at ensuring energy security in the country, which are to be implemented during the current financial year (2016-2017), as reported by Energy Bangla citing Nazimuddin Chowdhury, the acting head of the Energy Department of the Bangladeshi Ministry of Energy and Mineral Resources.
According to the published data, this year's plans include drilling nine wells at new fields; building a total of 100 km of gas pipelines in the northeast and southwest of the country; constructing at least six compressor stations; commencing LNG supplies to meet the growing demand for fuel, especially in the Chittagong port area.
The Bangladeshi government also plans to build four LNG terminals, the first one of which will begin to accept imported fuel by the beginning of 2017.
In addition, as stated by Nazimuddin Chowdhury, Petrobangla, Bangladesh National Oil and Gas Corporation, in cooperation with international energy companies plans to carry out 2D and 3D seismic data acquisition (800 km² and 400 km² respectively) in 2016-2017 in order to discover new oil and gas fields.
Previously, Nasrul Hamid, Bangladesh's State Minister for Power, Energy and Mineral Resources, announced the construction and commissioning of approximately 60 new exploratory wells by 2021. This measure is aimed at reducing the existing energy resource deficit, which currently exceeds 5 billion cubic meters of natural gas per year.
There are 26 discovered gas fields in Bangladesh, with production performed at 20 of them, reaching a volume of 28 billion cubic meters per year. Petrobangla estimates the country’s proved reserves at over 15 trillion cubic feet (more than 400 billion cubic meters). At the current production rate, according to Nasrul Hamid, these reserves might be sufficient until approximately 2031.
In the end of 2014, Gazprom International, the sole specialized operator of Gazprom's hydrocarbon field prospecting, exploration and development projects outside the Russian Federation, entirely fulfilled its obligations within the framework of its first joint project with Bangladesh under two drilling contracts signed on 26 April 2012 with BAPEX, BGFCL and SGFL, Petrobangla’s subsidiaries. In accordance with those agreements, ten wells were designed and built at six fields of Bangladesh. Tests showed that maximum total production rate amounted to 5.1 million cubic meters per day, which is equal to 16.8% of Petrobangla’s production volume and to 7.5% of the total yield in the country.
In September 2015, Gazprom International and Petrobangla's business units signed two additional agreements for construction of five new wells. Under these contracts, Gazprom International will design and build three wells at the Rashidpur field, one well at the Srikail field and one well at the Bakhrabad field. On 15 February 2016, drilling was commenced.
In July 2014, during a meeting between the Managing Director of Gazprom International and the Prime Minister of Bangladesh, apart from the plans to continue cooperating in the sphere of services, the sides discussed their intention to establish a joint venture with one of Petrobangla's subsidiaries to work in Bangladesh and in third countries.