ZCZC
BSS-37
SURVEY-BLOCK-GAS
Daewoo to conduct 3D survey in Bay to explore gas
DHAKA, April 7, 2019 (BSS) – Posco Daewoo, a South Korean company, is set
to carry out 3D (three dimensional) seismic survey covering 1,000 square km
in block DS-12 in the Bay of Bengal to explore gas by end of this year.
“If the survey result is positive, a well will be drilled in the block,”
Chairman of Petrobangla Ruhul Amin told BSS here today.
He said the renowned Korean company conducted a 2D survey covering some
3,580 square kilometre areas in the Bay of Bengal in 2017 and identified some
prospects that encouraged the Posco Daewoo to carry out the 3D seismic survey
in 1,000 square km area.
“The government led by Prime Minister Sheikh Hasina is working sincerely
to ensure energy security in the country and we have installed cross border
pipeline for oil and set up FSRU (Floating Storage Re-gasification Unit) for
LNG (Importing Liquefied Natural Gas),” the chairman said.
According to officials, on the basis of the 2D seismic survey output
Daewoo subsequently will drill an exploratory well at DS-12 block area.
Earlier, the state-run Petrobangla awarded an offshore block to Posco
Daewoo Corporation of South Korea for gas exploration from the deep-sea
block-12 in the Bay of Bengal.
Bangladesh has 26 blocks in the maritime territory. Of them, 15 are deep-
sea blocks and 11 are in shallow waters. The government is working on four
areas, including onshore and offshore, to explore gas. It is also LNG to
ensure the country’s energy security, officials said.
Besides, Posco Daewoo’s achievement in Myanmar has encouraged the
company to explore gas in Bangladesh.
Block-12 is over 3,560 sqkm with depths between 1,000 and 2,000 metres.
The initial exploration period is five years and the subsequent exploration
period is three years, according to Petrobangla.
In recent years, Bangladesh has raised its natural gas production and
average production stood at 2,700 million cubic feet per day. However, the
demand stands at over 3,300 million cubic feet per day, according to
Petrobangla.
In 2014, the government awarded shallow water block-11 to Australian oil
and gas company Santos and Singapore-based Kris Energy, and shallow water
block-4 and -9 to India’s state-owned Oil and Natural Gas Corporation Videsh
Ltd.
BSS/SPL/SAS/RY/1840 hrs