Gazprom International, Gazprom’s unified specialised company for the prospecting, exploration, and development of hydrocarbon deposits outside the Russian Federation, has signed two supplemental agreements with business units of the Bangladesh state-owned oil and gas corporation Petrobangla to drill five new wells. The clients are Bangladesh Petroleum Exploration and Production Company Ltd. (BAPEX), Bangladesh Gas Fields Company Ltd (BGFCL) and Sylhet Gas Fields Ltd (SGFL).
Under the contracts, Gazprom International will design and drill five additional production wells: three wells in the Rashidpur field, one in the Shrikail field, and one in the Bakhrabad field.
Three of the five designed wells will be directional (the 3,625 m deep Shrikail-4 well, the 3,063 m deep Bakhrabad-10 well, and the 3,150 m deep Rashidpur-12 well) and two will be vertical (the 3,500 m deep Rashidpur-9 well and the 2,900 m deep Rashidpur-10 well). The total planned drilling will be 16,238 m.
In late 2014, as part of the first joint project with Bangladesh, Gazprom International completely fulfilled its obligations under two drilling contracts signed on April 26, 2012 with BAPEX, BGFCL and SGFL companies. Ten wells were designed and drilled in six fields in Bangladesh under the agreements reached. The maximum total well flow rate in test mode was 5.1 million cubic meters per day, which was 16.8% of Petrobangla production and 7.5% of total production in the country.
There had been no prospecting or exploration of new fields in Bangladesh in the past ten years, and therefore the government of Bangladesh has adopted a program for drilling new wells. In 2010, the government of Bangladesh approached the Russian party with a request to participate in exploration and development of hydrocarbon fields in its territory, as well as in the construction of a unified gas supply system.
According to Petrobangla, the entire natural gas production of the country is approximately 27 billion cubic meters per year, with the existing demand exceeding 30 billion cubic meters.
In July 2014, during the meeting between Gazprom International Managing Director V. Gulev and the Prime Minister of Bangladesh Sheikh Hasina, in addition to plans for continuing cooperation in the services sphere, the intent of the parties to create a joint venture with one of Petrobangla affiliates was announced for work in Bangladesh and in other countries.