Space For Rent

Space For Rent
Saturday, October 4, 2014, Ashwin 19, 1421, Zilhajj 8, 1435 Hijr

BAPEX loses to Gazprom
Jannatul Ferdousy
Publish Date : 2014-10-04,  Publish Time : 00:00,  View Count : 13
The government is awarding the drilling rights of two more gas wells to the Russian energy giant, Gazprom, under the Power and Energy Quick Supply (Special Provision) Act 2010, as such no tender will be floated for the exploration, says the Energy Division.
However, the state-owned Petrobangla Chair-man, Hossain Mansur denied this while talking to The Daily Observer.  
Although the state-owned gas and oil exploration company, BAPEX, is equipped with necessary equipment and experience for the works the government prefers Gazprom, which will cost more than with BAPEX. Moreover, Gazprom had already drilled 10 wells in the country but failed to extract the desired amount of gas, said an official of the Energy Division on condition of anonymity.
Earlier, the government bought four Rigs (gas well drilling equipment) to strengthen the BAPEX for exploration but both the equipment and BAPEX are sitting idle because there is no work for the organization. There is also an allegation that the Petrobangla Chairman Hossain Mansur prefers Gazprom to BAPEX, the official added.
The Russian gas giant creates controversy by getting gas exploration rights without tender and also fails to extract adequate amount of gas despite spending more on the exploration.   
The Gazprom was supposed to complete drilling of 10 wells by July, 2014 but it completed drilling of only seven wells till September this year.
As per contract the Russian company was supposed to extract 2.5crore mmcft to 3 crore mmcft of gas but it produced only 1.5 crore mmcft.

Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka. Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Fax: 9586659-60, Advertisemnet: 9513663, E-mail: [email protected], [email protected], [email protected]