Russian Gazprom to drill new gas wells in Bhola

TBS Report

August 18, 2022, 6:30 p.m.

Last modification: August 18, 2022, 7:40 PM

A 3D printed gas pipeline is placed in front of the Gazprom logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration

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A 3D printed gas pipeline is placed in front of the Gazprom logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration

Russian energy multinational Gazprom has been commissioned to drill new gas wells in the island district of Bhola.

Gazprom will start work on the drilling in a few days, with the Bangladesh Petroleum Exploration and Production Company (Bapex) having planned to drill three new wells and explore one by December.

Energy and Mineral Resources Division Secretary Mahbub Hossain and Petrobangla Chairman Nazmul Ahsan are expected to inaugurate the works on Friday August 19, Bapex Managing Director Mohammad Ali said.

Earlier in 2012, Gazprom was given the task of drilling 10 gas wells in the country without any tenders, and the experience was not good at all.

The five gas wells (Titas-20, Titas-21, Semutang-6, Begumganj-3 and Shahbazpur-4) dug in the first phase by Gazprom filled with sand and sediment.

After that, Bapex must take responsibility for repairing them and making them suitable for gas extraction.

Furthermore, Gazprom has been paid an average of around Tk 150 crore in the past for drilling each well, while Bapex costs between Tk 60 and Tk 80 crore maximum for each.

Moreover, if the gas is extracted in partnership, the gas will be shared between Bapex and Gazprom.

In this case, the government will have to buy a large part of the gas from Gazprom at a higher price.

The government plans to increase production capacity by 10 wells by next June through reforms aimed at reducing dependence on gas imports.

The Energy and Mineral Resources Division expects the move to help increase daily production by 200 million cubic feet.

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