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Bangladesh: Gazprom in talks with Petrobangla to drill gas wells

25 Feb 2011

The Financial Express reports that a 12-member delegation of Russian energy giant Gazprom is visiting Bangladesh to take forward the planned energy sector cooperation between Bangladesh and Russia. The Gazprom delegation discussed with state-owned Petrobangla officials the proposed tie-up programme between the two countries.

'We are extremely positive about Gazprom's cooperation with the country's energy sector,' Petrobangla chairman Dr Hussain Mansur told the FE. He said Gazprom is set to drill at least ten state-owned gas wells and develop those in an effort to give boost to output from some age-old gas fields. The Russian firm will also install two gas compression stations to ensure smooth gas transmission across the country, said the official.

The visiting Gazprom technical team will finalise a draft of the agreement covering a vast area of the energy sector cooperation between the two countries. Gazprom chairman will visit Bangladesh in mid-March when an agreement between Gazprom and Petrobangla will be signed. The current visit of the Gazprom delegation is a follow-up to the Moscow visit by a Bangladesh delegation from February 8 to 11 this year to discuss the planned tie-up.

Gazprom has agreed to drill four gas wells in Titas gas field, two each in Shahbazpur, Shemutang and Sundalpur gas fields and one each in Rashidpur and Begumganj gas fields. Gazprom will mobilise necessary equipment to conduct the drillings and set up two compression stations, Mr. Mansur said.

The move on the energy sector cooperation comes after the government launched a massive drive to woo state-run energy companies from all over the world late last year to explore new gas fields or develop the existing ones in the country. Officials have said the government is keen to strike deals with state-run firms in a bid to avoid cumbersome bidding process. The country does not need to invite a tender if it signs deals with foreign state-owned companies.

Source: Financial Express

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