As the drilling of Tobgi-1 exploratory well in Bhola has been successful, an average of 20 million cubic feet gas extraction would be possible every day, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said.
The probable gas reserves in the well are about 239 billion cubic feet, he said on Thursday at the Secretariat.
Gas production will be possible at an average rate of 20 million cubic feet per day for 30-31 years, he added.
The estimated value of Tobgi-1 exploratory well is about Tk8,059.08 crore which is a lot considering the import price of LNG.
Nasrul Hamid also said that two more wells - Elisha-1 and Bhola North-2 will be excavated in phases by June 2023.
After the completion of the projects, some 46 to 55 million cubic feet of gas can be extracted from the three wells, he added.
He said that the government is working to find the source of energy from within the country. To this end, Petrobangla has planned to drill a total of 46 explorations, development and workover wells during the period 2022-25.
As a part of this, under the supervision of BAPEX, Gazprom started drilling the Tobgi-1 exploration well of Shahbazpur gas field in Bhola to a depth of about 3,500 metres on August 19, he added.
Excavation at a depth of 3,524 metres was successfully completed on September 29, said the state minister adding that the DST program undertaken to determine the potential gas reserves and production rate in the well was successfully completed on November 1.
