FE Report
Chevron president in Bangladesh Steve Wilson Wednesday said the country has potentials to discover more gasfields, if it drills more wells in still unexplored areas.
"Bangladesh is still relatively unexplored, as the country did not drill much in the past several years," said the top Chevron official while talking to a group of journalists in a local hotel.
Geographically Bangladesh is located in an area where there are potentials to find more gasfields, Mr Wilson added.
Chevron chief's comment regarding Bangladesh's potential gas reserve came at a time when the country has been undergoing with an unprecedented energy supply crunch, and the government high-ups are sorting out ways to ramp up gas supply.
The US oil and gas giant Chevron is producing natural gas to the tune of over 900 million cubic feet per day (mmcfd), which is around 45 per cent of the country's total gas output of around 1,980-mmcfd.
Mr Wilson believes all the operational Chevron gasfields - Bibiyana, Jalalabad and Moulvi Bazar - have larger reserve, having the potential to supply more gas.
But the existing gas transmission pipeline constraint along with absence of necessary gas compression stations are the main hindrances to it, he added.
On March 24, Chevron's Bibiyana gasfield supplied 702-mmcfd of gas, Jalalabad 152-mmcfd and Moulvi Bazar 58-mmcfd of gas.
"Production from Moulvi Bazar gasfield can be ramped up by 100-mmcfd within the next year after drilling two to three wells," Chevron chief said.
Bibiyana could produce 200-mmcfd more gas to the proposed Bibiyana power plants, he said.
"An independent reserve re-determination, conducted by DeGolyer and McNaughton in 2009, concluded that the field contains a much larger reserve than originally thought," Mr Wilson said.
Chevron boss for drilling more wells in unexplored areas
FE Team | Published: March 25, 2010 00:00:00 | Updated: February 01, 2018 00:00:00
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