20yr plan to increase gas extraction locally

Keeping 2041 in mind, the state-owned oil and gas exploration company Bapex has undertaken a 20-year future plan for further natural gas extraction to ensure energy security in the country.

“The government has decided to dig wells going deep layer as the shallow reserves of many gas fields have dwindled. For this, Bapex is bringing rigs with a capacity of 7,500 meters digging,” an official familiar with the process told BSS here on Saturday.

He said currently about 2,600 mmcfd gas is being extracted daily from 20 discovered gas fields out of 28 existing fields.

The ongoing gas crisis and rise of energy prices, including liquefied natural gas (LNG), have accelerated the Bapex to implement its plan, the official said.

Talking to BSS, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said the state-owned Bapex has taken the opportunity to increase its capacity and experience to extract gas and drill various gas wells.

“The present government has undertaken onshore plan to drill 41 (subject to mature prospect) exploration wells, development of 45 wells and work over 29 wells by 2041,” he said.

Nasrul said the government reviewed model PSC-2012 and onshore model PSC-2019 along with offshore model PSC-2019 have been formulated separately, adding, “A new bidding round will be announced after improvement of coronavirus situation further.”

According to Bapex sources, at present about 2,600 mmcfd gas is being extracted daily from 20 gas fields out of 28. Wells or fields that were left unused for fear of accidents due to high pressure, now advanced technology will be used to dig those wells and fields.

In places where Bapex does not have the capacity to survey and drill for gas wells, it was decided to partner with foreign companies for drilling, sources said.

Managing Director of Bapex Mohammad Ali said a decision was taken to dig wells at a depth of more than 5,000 meters at Srikail North, Mobarakpur South East-1, Titas deep-1, Bakhrabad deep-1, Rashidpur deep-1 in the first phase.