Tullow submits proposal to drill new well at Bangora
Tuesday, 9 October 2007
FE Report
The Irish oil and gas company Tullow Oil plc has recently submitted an investment plan to the Energy and Mineral Resources Division (EMRD) proposing to expand its current gas exploration works in block-9 at Bangora, Comilla.
"We are now scrutinising the Tullow's proposal regarding its plan to drill a new well at Bangora," a senior EMRD official told the FE.
Sources said Tullow has planned to raise gas output from one of its gas blocks at Bangora to 100 million cubic feet per day (mmcfd) by October 2008.
Currently, Tullow produces 70 million cubic feet per day (mmcfd) of gas from block-9, that covers 6,880 square kilometers in Comilla region.
The country's total gas production is now around 1700 mmcfd.
Tullow is the operator of the gas block having 30 per cent stake. Canadian oil and gas company Niko Resources has 60 per cent stake, while Bangladesh's state-owned Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) has 10 per cent.
Besides, block-9, Tullow has 32 per cent stakes in two more gas blocks - 17 and 18 - under joint venture with US-based oil and gas companies -- Okland and Rexwood -- in Bangladesh.
Tullow initiated gas production from the Bangora-1 well in block 9 from May 2006.
The Irish oil and gas company Tullow Oil plc has recently submitted an investment plan to the Energy and Mineral Resources Division (EMRD) proposing to expand its current gas exploration works in block-9 at Bangora, Comilla.
"We are now scrutinising the Tullow's proposal regarding its plan to drill a new well at Bangora," a senior EMRD official told the FE.
Sources said Tullow has planned to raise gas output from one of its gas blocks at Bangora to 100 million cubic feet per day (mmcfd) by October 2008.
Currently, Tullow produces 70 million cubic feet per day (mmcfd) of gas from block-9, that covers 6,880 square kilometers in Comilla region.
The country's total gas production is now around 1700 mmcfd.
Tullow is the operator of the gas block having 30 per cent stake. Canadian oil and gas company Niko Resources has 60 per cent stake, while Bangladesh's state-owned Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) has 10 per cent.
Besides, block-9, Tullow has 32 per cent stakes in two more gas blocks - 17 and 18 - under joint venture with US-based oil and gas companies -- Okland and Rexwood -- in Bangladesh.
Tullow initiated gas production from the Bangora-1 well in block 9 from May 2006.