Untapped Petroleum Potential: Offshore areas of Bangladesh largely unexplored, says TGS
, May 9 -- Petrobangla (Bangladesh Oil, Gas and Mineral Corporation) initiated an international tender in March for offshore oil and gas exploration, following the approval of the revamped model production sharing contract (PSC). This marks a resumption of exploration tenders after a prolonged hiatus, with the bidding round set to conclude by September.
A promotional seminar was organized on May 8 at a Dhaka hotel to spotlight this offshore bidding initiative. At the event, State Minister for Power, Energy and Mineral Resources, Nasrul Hamid, highlighted the participation of seven renowned international oil companies (IOCs), which have already purchased bid documents. Bangladesh is confident about the success of this offshore bidding rou...
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