Gazprom gets lucrative trio of deals without tender
Gazprom will drill 1 well in the land owned by Bangladesh Gas Fields Company Ltd (BGFCL), 3 for Sylhet Gas Fields Ltd (SGFL) and 1 for Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX). The fields are Bakrabad, Rashidpur and Skrail respectively. The total cost of the drilling is thought to be around Tk 150 crore per well, which is a 1.47% rise from 2012, also being significantly higher than BAPEX’s estimated production costs at Tk 70-80 crore per well. The first international company without a PSC, will also invest in infrastructure and civil work around the drilling regions.
Last week, we saw unprecedented rise of the electricity and
particularly, natural gas.
This week’s news comes as with some development on that front: Russian state-run gas exploration company Gazprom, have signed a deal with three state-owned gas production companies, to plan the drilling of five wells, without a production sharing contract (PSC). This was a targeted bid to raise national output by 150 million cubic feet per day. Previously, deals with the same company failed to extract a planned 300 million cubic ft per day, instead getting only 140 million cubic ft.
This week’s news comes as with some development on that front: Russian state-run gas exploration company Gazprom, have signed a deal with three state-owned gas production companies, to plan the drilling of five wells, without a production sharing contract (PSC). This was a targeted bid to raise national output by 150 million cubic feet per day. Previously, deals with the same company failed to extract a planned 300 million cubic ft per day, instead getting only 140 million cubic ft.
Gazprom will drill 1 well in the land owned by Bangladesh Gas Fields Company Ltd (BGFCL), 3 for Sylhet Gas Fields Ltd (SGFL) and 1 for Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX). The fields are Bakrabad, Rashidpur and Skrail respectively. The total cost of the drilling is thought to be around Tk 150 crore per well, which is a 1.47% rise from 2012, also being significantly higher than BAPEX’s estimated production costs at Tk 70-80 crore per well. The first international company without a PSC, will also invest in infrastructure and civil work around the drilling regions.
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