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Hydrocarbon exploration in Bay starts soon

Published : Friday, 11 January, 2019 at 12:00 AM  Count : 1125

The Energy Division is set to kick off a massive exploration work in the Bay of Bengal to increase its hydrocarbon reserves to scale down the gap between the demand and supply of the primary fuel.
Following the verdict by the international court on maritime boundary disputes with India and Myanmar, Bangladesh re-designed its offshore and deep sea blocks and completed the bidding round in 2014 after discovering the prospects of a big deep-sea gas reserve.
However, it awarded three international oil and gas companies to explore hydrocarbon in the Bay of Bengal.
South Korean conglomerate Daewoo Corporation, ONGC Videsh Limited and Oil India Limited and Santos were awarded to do the job, completed seismic survey, 2D and 3D there officially informed Petrobangla about the finding and expressed interest to go for further development.
"I'm really hopeful about prospects in the Bay of Bengal. We found some structures there which is very close to the Myanmar's three gas fields, Prof Dr Badrul Imam, eminent energy expert told the Daily Observer on Wednesday.
He, however, said that the structure lying in the border between Bangladesh and Myanmar, the sea basin is the same.
So, it's logical to remain hopeful about the prospects, he added.
Meanwhile, Daewoo Corporation has revealed that Bangladesh could have a minimum of five prospective structures in the Bay of Bengal in Block DS-12. Daewoo and its Australian partner, Woodside Energy, also operate Myanmar's AD-7, which was discovered in 2016.
"But until we hit the gas nobody can tell you anything confirmatory," the geologists said.
Daewoo informed Petrobangla that it surveyed 1,580 sq km in the deep sea early this year. The analysis of the survey results confirmed the existence of five structures that could be moderate gas fields.
As part of this job, Petrobangla, the state-owned oil and gas-corporation is set to explore hydrocarbon reserves in the shallow offshore Block-SS 04 as the Ministry of Environment allowed the ONGC Videsh Limited and Oil India Limited to start drilling work at Kanchan-1, a senior official of Petrobangla said.
Not only at SS-4, we will also start the drilling job at SS-11 and DS-12 in 2019. As per our work schedule Santos and Dewoo are planning to implement their work plan, the official said.
"We have asked the ONGC Videsh Limited and Oil India Limited to start drilling from January 2018.
"They got the final nod from the ministry one year later, now we are ready to see the development, the operator of SS-11 Santos have already completed the 2D and 3D in their work areas and found huge prospects there," the Petrobangla official said.
The companies won the production sharing contract on February 17, 2014 to explore hydrocarbon reserves of Block-SS 04 and Block-SS 09 in the offshore bidding in 2012.
However, it failed to maintain the time schedule. Later they submitted time extension application, Energy Division said.
The contract model allows the foreign companies eight years to explore their allocated blocks. Five of those years are for initial exploration and the remaining three are for subsequent exploration.
"The Indian companies have already completed 2D seismic survey on both the shallow sea blocks and are planning to drill Block-SS 04 near Moheshkhali Island in Cox's Bazar. They have already selected a drilling contractor - a joint venture of China based Sinopec and US based Halliburton - to drill well Kanchan 1 in block SS 04. They are going to start the drilling work by this month (January)," according to the Energy Division.
Meanwhile, Australia-based Santos and Singapore-based Kris Energy Ltd signed a similar deal with Bangladesh government and Petrobangla on March 12, 2014 to explore offshore shallow block-SS 11 for oil and gas.







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