Sunday, February 5, 2023
HomeWorldNew natural gas reserve discovered in Bangladesh

New natural gas reserve discovered in Bangladesh

Bangladesh has discovered a new natural gas reserve in the southern part of the country with the possibility of a significant amount of fossil fuel in the new structure.

The gas structure in the Bhola district has been discovered by the state-run Bangladesh Petroleum Exploration and Production Company Limited (BAPEX), reports Xinhua news agency.

State Minister for Power, Energy, and Mineral Resources Nasrul Hamid announced the discovery of the new gas reserve.

Also Read: Turkey discovers new gas reserve in Black Sea: Erdogan

According to a statement from his Ministry, the newly discovered Bhola North-2 Appraisal Well has probable gas extraction of over 20 million cubic feet per day.

BAPEX struck gas by digging about 3,428 meters deep. Petrobangla (Bangladesh Oil, Gas & Mineral Corporation) will dig 46 new explorations, development, and work-over wells by 2025, the minister wrote on his Facebook page.

Also, the Minister stressed the need for continuing exploration of natural gas in the South Asian country. Over the last few years, BAPEX discovered about a dozen small- to medium-sized fields.

The biggest field so far is in Bhola, an offshore island covering an area of 3,403.48 sq km and about 205 km south of the capital Dhaka, which boasts hundreds of billions of cubic feet of reserves.



(This story has been sourced from a third-party syndicated feed, agencies. Raavi Media accepts no responsibility or liability for the text’s dependability, trustworthiness, reliability, and data. Raavi Media management/ reserves the sole right to alter, delete or remove (without notice) the content at its absolute discretion for any reason whatsoever.)