Friday, March 15, 2024

Bangladesh offers 'win-win' deals for offshore gas exploration after 8 year long hiatus

Good news! Let the drilling begin!

"Bangladesh is ending a yearslong hiatus on oil and gas exploration in the Bay of Bengal as it scrambles to plug dwindling energy reserves that could run out in under a decade.
On Sunday, the South Asian nation opened bidding to dozens of international companies, including ExxonMobil, Chevron, ConocoPhillips and China's Sinopec, on 24 offshore blocks spread across 15 deep and nine shallow waters. ..."

Bangladesh offers 'win-win' deals for offshore gas exploration - Nikkei Asia Dhaka opens bidding for sites in Bay of Bengal after eight-year hiatus

Petrobangla begins Bangladesh 2024 offshore bid round Petrobangla has launched the 2024 Bangladesh Offshore Bid Round, the first since 2012 to offer offshore acreage, comprising nine shallow water blocks and fifteen deep water blocks.


2024 Bangladesh Offshore Bid Round (blue areas).


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