Cairn raises gas output from Sangu
Thursday, 25 December 2008
FE Report
UK-based Cairn and its joint venture partners have successfully completed its works at the country's lone offshore Sangu gas field raising gas output by 40 per cent to reach 52 million cubic feet per day (mmcfd).
Cairn and its joint venture partners - Australian Santos and the US-based HBR - have invested nearly US$2.0 million to augment gas output by 16 mmcfd from Sangu in the Bay of Bengal, which has been in operation for over a decade.
Industrial units in the country's port city Chittagong region would be benefited out of the increase of gas output from Sangu.
Scores of industrial units have been waiting for over a year to get new sources of gas supply after investing substantially in their projects in and around the port city.
Cairn started this well intervention programme on December 17 last targeting wells 1 and 9 in the Sangu field located some 50 kilometres off Chittagong coast.
This was the third such programme of the company within this year.
The work was supported by a specialised service vessel, which has already departed Bangladesh waters and returned to Singapore after completion of the work, the company statement said Wednesday.
"To further enhance production the JV will install a compressor in the Sangu gas field at a cost of $ 6.0 million by July 2009," said managing director of Cairn Energy Companies in Bangladesh Phil Dolan.
UK-based Cairn and its joint venture partners have successfully completed its works at the country's lone offshore Sangu gas field raising gas output by 40 per cent to reach 52 million cubic feet per day (mmcfd).
Cairn and its joint venture partners - Australian Santos and the US-based HBR - have invested nearly US$2.0 million to augment gas output by 16 mmcfd from Sangu in the Bay of Bengal, which has been in operation for over a decade.
Industrial units in the country's port city Chittagong region would be benefited out of the increase of gas output from Sangu.
Scores of industrial units have been waiting for over a year to get new sources of gas supply after investing substantially in their projects in and around the port city.
Cairn started this well intervention programme on December 17 last targeting wells 1 and 9 in the Sangu field located some 50 kilometres off Chittagong coast.
This was the third such programme of the company within this year.
The work was supported by a specialised service vessel, which has already departed Bangladesh waters and returned to Singapore after completion of the work, the company statement said Wednesday.
"To further enhance production the JV will install a compressor in the Sangu gas field at a cost of $ 6.0 million by July 2009," said managing director of Cairn Energy Companies in Bangladesh Phil Dolan.