Experts have underscored the necessity for exploring the untapped offshore gasoline kind the Bay of Bengal with a view to decreasing its ever-increasing dependency on imported vitality and assembly the rising demand of the nation.
They mentioned, there may be enormous alternative for incomes from oil and gasoline fields. Myanmar has applied oil-gas exploration operation in its sea space, whereas Bangladesh is much behind. After settling the dispute with Bangladesh, India and Myanmar have began extracting enormous portions of gasoline from their designated components of the Bay of Bengal. Bangladesh might nonetheless not begin the survey within the sea because of lack of correct planning. The nation is now importing LNG because of lack of recent gasoline.
The authorities wants to focus on gasoline exploration throughout the nation as an alternative of importing gasoline at a excessive value, they really useful. Bureaucratic complexity is hindering gasoline exploration from the Bay of Bengal, they claimed.
Petrobangla sources mentioned, all of the remaining gasoline will run out in 2041. The quantity of gasoline extraction from fields will begin to lower from the yr of 2025. Petrobangla mentioned, it may be elevated for lifting of gasoline till 2020. Then will probably be secure in 2024-25. After then, it’s going to lower.
According to Petrobangla, the demand will rise to four,770 million cubic toes in 2024-25, whereas the manufacturing capability will likely be 2,196 miilion cubic toes from the present gasoline fields within the nation. In subsequent fiscal yr the demand and manufacturing capability will likely be four,910 and 1,702 million cubic toes. In the identical means demand and manufacturing ratio will likely be 5,200 and 1,054 million cubic toes in 2028-29. Gradually it’s going to lower, and if the brand new gasoline fields aren’t found throughout this era, gasoline manufacturing will likely be zero in 2041.
Bangladesh has now 48 offshore blocks, of which 11 are shallow sea blocks and 15 are deep sea blocks. Since the maritime settlement with Myanmar, Bangladesh has activated solely three shallow sea and a couple of deep sea blocks beneath Production Sharing Contract (PSC) with IOCs.
There are complete 48 blocks of which 26 offshore blocks allotted for oil and gasoline exploration within the nation. Of these, 22 are on the land and 26 are within the sea. Among the ocean blocks, 11 within the shallow sea and 15 within the deep sea. Chevron Bangladesh is lifting gasoline from Block 12, 13 and 14 on the land. Chris Energy is elevating gasoline from Block 9, ie, Bangura. On the opposite hand, Santos-Cris Energy, ONGC and Pesco Diyu are working in four blocks of the Sea.
However, the gasoline exploration actions within the nation have remained nearly halted as drilling of wells is dealing with main setback because of complexities over land acquisition, mentioned insiders of the vitality division.
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An official mentioned drilling of 28 wells are imagined to be accomplished by this yr however it’s going to face delay because the authorities are but to amass land for the drilling work.
State-run Bangladesh Petroleum Exploration and Production Company Ltd (Bapex) took up a venture ‘Rupkalpa-1’ in 2016 to drill three exploratory wells and two growth wells.
Implementation of the venture is meant to be accomplished by the center of the present yr, however there was little progress within the work, the official mentioned.
“We have simply bought land to put in rigs at Salda North-1 and Srikail East-1 wells,” he added.
Bapex hopes to finish drilling of Salda North-1 nicely by June or July this yr, an official of the vitality and mineral assets division mentioned.
Drilling of Srikail East-1 nicely is predicted to be accomplished by the tip of the present yr and after its completion, Bapex will go for drilling Srikail North-2 subsequent yr.
Besides, drilling of Hararganj-1 and Kasba-2 growth wells has remained halted because of delay in buying land, one other official…