Bangladesh Gas Fields Company Limited (BGFCL) is likely to ink the final agreement with Chinese company Sinopec International Petroleum Service next month for drilling four development wells at Brahmanbaria’s Titas Gas Field.
The state-run BGFCL aims at drilling the wells to produce 120 million cubic feet per day (mmcfd) of gas.
“We already issued the Notification of Award to the company on November 5. It has been asked to submit the performance guarantee and hopefully we will get it in two or three days. Then we will go for signing the final contract,” BGFCL Deputy General Manager Md Ali Moktazer, also the project director, told the Dhaka Tribune yesterday. After the deal is signed, the contractor will complete the drilling within 19 months, he said.
On November 15, Russia’s Gazprom finished drilling 10 wells across the country. It was supposed to complete drilling wells by the end of last year; but it took additional 11 months.
The BGFCL had invited the international tender to drill wells 23-26 in the Titas gas field last year.
The project named Gas Seepage Control and Appraisal and Development of Titas Gas Field aims at meeting the mounting demand for natural gas by raising its output. The Asian Development Bank is financing a major part of the project’s cost of Tk1,000 crore.
