A delegation from Gazprom International, an affiliate of PJSC Gazprom specializing in implementing upstream-projects outside the Russian Federation, has just concluded their two-day working visit to Bangladesh between June 22-23. The company’s Managing Director Andrey Fick joined the delegation for the visit.
During the visit, negotiations were held with the representatives of the country’s government and specialized ministries, as well as with representatives of the company’s partner organizations. The Russian delegation met with Aljaz Amir Hossain Amu, the Bangladesh Minister of Industries, as well as with the country’s Minister of Foreign Affairs Abul Hassan Mahmood Ali, the Minister of Power, Energy and Mineral Resources Nasrul Hamid, adviser to the Prime Minister Abul Kalam Azad, head of the Bangladeshi National Oil and Gas Corporation Istiaque Ahmad, as well as М. Atikuzzaman, Md. Kamruzzaman and Nizam Shariful Islam who head the corporation’s main affiliates, BAPEX, BGFCL, and SGFL.
The matters covered in the discussions included progress made on the project for managing the process of drilling production wells in Bangladesh. The project consists of two stages, the first of which (10 wells) was completed in 2014, while the second stage (5 wells) is currently underway. The parties expressed their satisfaction with the results of the first stage, and praised the current cooperation on the second stage of the project.
In view of the positive results and significant experience gained as the result of the fruitful cooperation, the parties discussed the possibilities for further extending their cooperation in the field of production drilling. It was noted that this would be a logical and highly beneficial decision, especially in view of the fact that the Bangladeshi government has recently adopted a new five-year plan for drilling more than 100 wells in several natural gas fields and deposit locations in the country.
The parties also noted that there was yet another possibility for ensuring further effective cooperation in the establishment in Bangladesh of a joint venture between Gazprom International and BAPEX for the joint realization of projects in the fields of development and production of hydrocarbons, among others.
As of the end of 2014, Gazprom International has fully fulfilled its obligations as set out in two drilling contracts signed with BAPEX, BGFCL and SGFL on April 26th, 2012, in the framework of the first stage of the joint project with Bangladesh. At that stage, 10 wells had been designed and completed, covering a total of more than 35,000 metres in drilling across six of the country’s deposits. Of the ten wells completed, eight were deviated and two were of vertical design. Their total daily production rate reached 5,1 mln cubic metres, which constitutes 16,8% of the Petrobangla overall production rate, and 7,5% of the overall production rate countrywide.
In September 2015, Gazprom International launched the second stage of the project, with the intention of designing and drilling five more wells, three at the Rashidpur deposit, one at the Srikail deposit, and one at the Bakhrabad deposit.
As of today, drilling has been completed at the Bakhrabad-10 well (2,763 metres deep) and at the Srikail-4 well (3,512 metres deep); and drilling is currently underway at the Rashidpur-10 well (planned 2,900 metres deep), with drilling lots set and prepared to start the drilling of two more wells at the Rashidpur deposit location (wells NN 9 and 12). The current contract is set to be completed by October this year. Overall, it is planned that the second stage will cover a total of more than 16,000 metres in drilling footage.
According to data provided by Petrobangla, the overall volume of proven hydrocarbon reserves in Bangladesh amounts to more than 15 trillion cubic feet (more than 400 bln cubic metres).
A total of 26 natural gas deposits have been discovered in Bangladesh, including two deposits discovered in the Gulf of Bengal. Seven of these deposits were discovered by BAPEX (both independently, and in partnership with international companies). These are the fields in Saldanadi, Fenchuganj, Shahbazpur, Semutang, Sundalpur, Srikail, and Rupganj.