ConocoPhillips expects 5-7 Tcf gas in 2 offshore blocks
Wednesday, 25 June 2014
US oil major ConocoPhillips expects a potential reserve of 5-7 trillion cubic feet (Tcf) natural gas at the two deep sea blocks-DS -08-10 and DS-08-11-where it conducted 2D seismic survey under production sharing contract (PSC) with theBangladesh government. “Conoco officials have informed me they are expecting 5-7 Tcf gas in the two deep sea blocks,” State Minister for Power Nasrul Hamid toldreporters on Wednesday at his ministry. A ConocoPhillips delegation recently met the State Minister and placed its request to the government on the price review issue, according to a news agency.