follow-up of our report on oil extraction in Bangladesh

Sustainable energy transition in Bangladesh

  • follow-up of our report on oil extraction in Bangladesh
  • follow-up of our report on oil extraction in Bangladesh
  • follow-up of our report on oil extraction in Bangladesh
  • follow-up of our report on oil extraction in Bangladesh

Sustainability of Offshore Petroleum Resources Extraction

Petroleum: Global and Bangladesh Context

Bangladesh Countries & Regions IEA

US giant ExxonMobil could unlock Bangladesh’s

  • How has Bangladesh made progress in gas production & exploration?
  • Till now, Bangladesh has made significant progress in gas production and exploration, with 20 out of 28 discovered gas fields already in production as of December 2021. 3 This led to a peak gas production per day surpassing 2700 MMCFD in December 2016, indicating the growing capacity of the gas sector.
  • How did the enactment of the Bangladesh Petroleum Act facilitate international participation?
  • The enactment of the Bangladesh Petroleum Act in 1974 facilitated international participation through production sharing contracts (PSCs). Companies such as Ashland, ARCO, BODC (Japex), Union Oil, Canadian Superior Oil, and Ina Naftaplin took up PSCs and conducted surveys along with drilling operations in the offshore area.
  • How to address the decline in gas production in Bangladesh?
  • To address the decline in gas production, the government is actively searching for new gas fields in various locations within Bangladesh. Promising areas, such as Patia, Sitapahar, and Kasalong in the Chittagong Hill Tracts, have already shown potential with the discovery of anticlinal structures.
  • Why is Bangladesh importing liquefied natural gas?
  • To address this challenge, Bangladesh began importing liquefied natural gas (LNG) in August 2018. The introduction of LNG imports has helped to bridge the supply-demand gap by supplementing domestic gas production. Additionally, massive exploration programs are being implemented in both onshore and offshore areas.

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