Tuesday, June 25, 2024


Dhaka Tribune

Govt plans renting out Sangu gas field facilities

Update : 12 Mar 2017, 03:39 AM
The facilities include the platform in the Bay of Bengal, sub-sea pipeline and onshore gas processing plant. The onshore gas processing plant is at Fouzdarhat in Chittagong. A 49 kilometre-long 20-inch diameter seabed pipeline is in between the offshore platform and the onshore plant. However, offshore platform remained unused since the Sangu gas field was shut down around three years back. Sangu, the first offshore gas field in the country, run by Australian oil and gas exploration company Santos, was shut down permanently on October 1, 2013 with its reserves running out fast. “We have already sent out invitations for Expression of Interest (EoI) to select a local or international companies for using the Sangu offshore facilities on a rental basis,” Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) Director (PSC) Md Mahbub Sarwar told the Dhaka Tribune on Saturday. The last date for submission of EoI is April 3, he added. Mahbub said after receiving EoIs, interested companies deemed best suited to perform the operation will be short-listed and sent request for proposal (RFP). The EoI states that interested local or international companies must provide proof or certificate of operatorship from host country, state-host company or relevant regulator. Interested companies must submit its annual reports of at least last five years or a financial report certified by a chartered accountant firm. It must also submit a certificate from the company’s statutory auditors stating the company’s net worth. In case the parent company provides the financial and performance guarantee, the certificate from parent company’s auditor should be provided. An official of Petrobangla, seeking anonymity, said: “Though the Sangu gas field has not been used since its shut down, Tk1 crore is being spent for its maintenance every year. So, to overcome the unnecessary expenditure, authorities concerned has called for EoIs. “In other countries, they decommission a platform after a gas field is shut down, but we do not have such a system.”
Top Brokers


Popular Links