ONGC Videsh begins its exploratory drilling campaign in Bangladesh

0
529
Maheshkhali Upazila in Bangladesh by Banglapedia.org
Maheshkhali Upazila in Bangladesh by Banglapedia.org
0 0
Azadi Ka Amrit Mahoutsav

InterServer Web Hosting and VPS
Read Time:1 Minute, 15 Second

ONGC Videsh begins its exploratory drilling campaign in Bangladesh

By PIB Delhi

ONGC Videsh Limited, a wholly-owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, has spudded its first well Kanchan#1 in Block SS04, Bangladesh, on 29th September 2021 at Maheshkhali Island. This exploratory well is planned to be drilled to a depth of 4200 m and will be targeting two prospective formations. This well marks the beginning of exploratory drilling in Bangladesh by ONGC Videsh and will be followed by drilling at two more exploratory locations.

ONGC Videsh Ltd., in consortium with Oil India Ltd. (OIL), was awarded two shallow offshore Blocks SS-04 and SS-09 in Bangladesh during the Bid Round of 2012. The Production Sharing Contract (PSC) was signed between ONGC Videsh, OIL and Bangladesh Petroleum Exploration & Production Company Limited (BAPEX) in February, 2014. ONGC Videsh, with Participating Interest (PI) of 45%, is the Operator with OIL (45% PI) and BAPEX (10% PI) as the other partners. BAPEX is being carried equally by ONGC Videsh and OIL up to commercial discovery stage.

All pre-drilling activities were completed with the rig being on location in late 2019 and with spudding scheduled for March 2020. However, the drilling had to be deferred due to COVID-19 pandemic. After the easing of restrictions and resolving the issues owing to deferment of initial plans, in September 2021, the drilling of well has commenced on 29th September 2021.

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Advertisements

IBG NEWS Radio Services

Listen to IBG NEWS Radio Service today.


InterServer Web Hosting and VPS

Brilliantly

SAFE!

2022