GREY:NKRSF - Post by User
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Dell1on Sep 19, 2016 2:06pm
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Post# 25252647
Drilling at Magnama may start by Feb
Drilling at Magnama may start by Febhttps://www.thefinancialexpress-bd.com/2016/09/18/46315/Drilling-at-Magnama-may-start-by-Feb
To date, the Bapex has inked one 'controversial' JV with Canadian Niko Resources to develop some 'abandoned' onshore gas fields, including Feni and Tengratila, said officials.
Gas production and exploration from Niko-operated fields, however, remained suspended for around a decade following a row over payment for gas and compensation for gas-field blowouts.
The Bapex was a 'sleeping' partner in the Niko-Bapex JV and had a carried-over stake of 20 per cent while the remaining 80 per cent was with Niko.
Bangladesh's entire natural gas production now comes from onshore gas fields after the closure of Santos-operated offshore Sangu gas field in October 2013.