On Saturday, November 9, drilling began at the Bhola North 1 well located on the same-named field on Bhola Island in southern Bangladesh.
"Under the agreement with the state company Bapex, all works are being carried out in accordance with the schedule. According to the technical specifications, the depth of the Bhola North 1 well will be 3,550 meters, and the construction and testing will take about three months," said Nikita Shut, Director of the Representative office of Gazprom International in Bangladesh.
The official launching ceremony of the construction of the Bhola North 1 well was attended by Deputy Ministry of Power, Energy and Mineral Resources of Bangladesh, Nazimuddin Chowdhury, and Managing Director of Bapex, Mohammed Nowshad Islam.
Mr. Islam noted that the long-term friendship and cooperation between the two countries provide opportunities for development, and joint projects with Gazprom are successfully implemented and open up new opportunities.
Drilling of the Bhola North 1 is being carried out under the third stage of the wells construction project in the Republic of Bangladesh, which began in August this year. According to the Agreement, Gazprom International will design, construct and put into commercial operation the two exploration wells, Shahbazpur East 1 and Bhola North 1. Both wells are located on Bhola Island in the south of the country.
Together with the start of drilling, from December 7 to 9 a scientific conference on Geology for Sustainable Development was held at State University of Dhaka (capital city of Bangladesh), organized by the Department of Geology of the University and the International Association of Oil and Gas Engineers, and supported by Gazprom International.
A report “Well Testing: Discovering a Hidden Potential” was presented at the conference by geologist Ivan Vasiliev from the St. Petersburg Branch of Gazprom International. He spoke about the work of Gazprom International in Bangladesh, the company's policy in the field of sustainable development and environmental protection, the achieved drilling results and the successful commissioning of the Shahbazpur East 1 well.
During the conference, regional structural geology and seismic exploration were also discussed. Considerable attention was paid to risk assessment and estimation of natural resources in Bangladesh.
The total proven hydrocarbon reserves in Bangladesh, according to the state petroleum corporation Petrobangla, are more than 15 trillion cubic feet (over 400 billion cubic meters); about 27 billion cubic meters of natural gas is produced per year and the current demand is more than 30 billion cubic meters. Before 2013 new field exploration work was not carried out in Bangladesh for ten years, and as a result the drilling program of new wells was adopted.
The Gazprom operator, Gazprom International, a specialized company for the implementation of international oil and gas projects, has been involved in the design and construction of a number of wells in the gas fields of this country since 2012. In four years, the company designed and built 15 exploration and production wells in seven fields in Bangladesh.
According to the Agreement concluded in March this year between Gazprom International and the Bangladeshi oil and gas producing company BAPEX (owned by Petrobangla), the operator will design, construct and put into commercial operation the two exploration wells, Shahbazpur East 1 and Bhola North 1.
The University of Dhaka is the oldest and largest higher education institution in the country, with more than 37,000 students studying in 77 faculties.