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Project Insights

New deepwater gas prospects offer hope to Bangladesh

An upstream revival could help gas-short Bangladesh reverse falling production and reduce its need for costly LNG imports An upstream revival could help gas-short Bangladesh reverse falling production and reduce its need for costly LNG imports.
By Damon Evans 29 August 2018 Asia Pacific / Exploration & Production 0 32329
Offshore Resolute jack up rig, offshore Bangladesh. (Seadrill)

Posco Daewoo is preparing a large 3D seismic sweep off Bangladesh after a preliminary 2D survey completed earlier this year signalled at least five prospective gas structures in deepwater Block DS-12, which lies close to significant gas fields in neighbouring Myanmar.

The South Korean operator, the only company assessing Bangladesh’s deepwater potential, will start the 2,000 square km shoot in the gas-prone Bay of Bengal this November. If successful, exploration drilling will follow. 

Daewoo believes the likelihood of finding gas is high, especially as...

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