Bhola's Ilisha declared Bangladesh's 29th gas field

The Ilisha-1 well in Bhola district has been declared as the country’s 29th gas field.

State Minister for Power, Energy and Mineral Resources Nasrul Hamid made the announcement from his Baridhara residence in Dhaka on Monday.

A 200 billion cubic foot reserve of gas is anticipated to be present in the new gas field.  Total gas production capacity is expected to reach 20 million cubic feet per day, and gas will be collected for 26-30 years, said Nasrul Hamid.  

The market value of gas stored in Ilisha-1 is Tk 6,500 crore, and if we consider the price of imported LNG, then the price will be Tk 25,000 crore, he said.

The state minister said that the excavation work of Ilisha-1 started on March 9 this year and ended on April 14.