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Niko Resources Ltd NKRSF

Niko Resources Ltd is an oil and natural gas exploration and production company.


GREY:NKRSF - Post by User

Bullboard Posts
Post by Bigwhiskeyon Apr 24, 2015 9:33am
161 Views
Post# 23660470

Block 9 just chugging along

Block 9 just chugging along
04/02/2015 | 11:27am US/Eastern
 

Singapore-based Kris Energy will carry out drilling operations in two onshore wells in Bangora field, located under block 9 in Comilla district, a senior Petrobangla official told the FE.

Petrobangla has already approved the work programmes of KrisEnergyand its partners to initiate drilling of two onshore wells, he said.

Once completed, natural gas production from Bangora gas field will be consolidated at the current level of around 110 million cubic feet per day (mmcfd), said the official.

Otherwise, natural gas production from these wells might decrease, he added.

Bangora gas field has currently four producing gas wells having total production capacity of 110 mmcfd, which is 4.15 per cent of the countrys overall natural gas output of around 2,645 mmcfd, as on March 30, 2015, Petrobangla data reveals.

Gas produced from Bangora is being supplied to the countrys gas-starved port city of Chittagong.

The block 9 covers 1,770 square kilometres and is located some 100 kilometres east of Dhaka.

Bangora gas field commenced production in 2006 and lies in a gas province with substantial gas infrastructure.

KrisEnergy became the operator of block 9 after purchasing stakes fromUK-based Tullow Oil at US$ 42.35 million.

The Singapore-based firm will hold a 30 per cent working interest of the onshore Bangora field.

The other partners in block 9 are Niko Exploration Ltd (Block 9) with a 60 per cent working interest and Bangladesh Petroleum Exploration and Production Company Ltd (Bapex), with 10 per cent.


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