6 more gas projects on cards under Gas Dev Fund

6 more gas projects on cards under Gas Dev Fund

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The Energy Ministry has worked out a plan to implement six more gas
projects involving Tk 1,237 crore under the Gas Development Fund
(GDF), a special fund created by the government through consumers’
money derived from increased gas price.
While passing an order on increasing the gas price at consumers’ level
in 2009, the energy watchdog asked the government to utilise the extra
money received from the consumers by hiking price in the development
of gas sector.Official sources said a recent high-level meeting at the Energy
Ministry recommended the projects.
Under the six projects, they said, three development and two appraisal
wells will be drilled at different gas fields, while a compressor
station will be set up and re-completion drilling work will be done in
the Bakhrabad Gas Field.
According to official sources, well No-9 will be drilled at Sylhet gas
field at a cost of Tk 193.82 crore from December 2013 to June 2016
while well No-9 at Koilashtila gas field costing 184.3 crore during
November 2013 to December 2015 and well No-9 at Rashidpur gas field
will be dug involving Tk 223.03 crore.
Two exploration wells (well No-10 & 12) will be drilled at Rashidpur
gas field spending Tk 472.93 crore.
Bapex is expected to be engaged in the drilling projects for carrying
out the jobs.
A gas compressor station will be set up at Bakhrabad gas field while
re-completion work at its well No-5 will be done under a project.
Once all the projects are completed, they will help augment about 100
million cubic gas per day (mmcfd) to the national grid of gas supply,
the officials said.
Of them, the Sylhet gas field will add 15 mmcfd of gas to or produce
300 barrel of oil, while Koilashtila field will provide 25 mmcfd of
additional gas, and Rashidpur will add 10 mmcfd of gas to the national
gas grid.
The officials expect another 30 mmcfd of gas from two exploration
wells at the Rashipur gas field.
Drilling of exploration and development wells will take place under
the state-owned company of Sylhet Gas Field Limited (SGFL) while
compressor project will be implemented by the Bangladesh Gas Fields
Limited.
Energy Ministry officials noted that about Tk 3,165 crore was
mobilised in the account of GDF as of March 2014. Of this, so far Tk
964 crore has been utilised for implementing 12 projects in the gas
sector which mostly included the drilling of wells at different gas
fields.
The government has identified a total of 19 projects on priority basis
to implement through financing from the GDF which required Tk 3,831
crore.
As per instruction of the Bangladesh Energy Regulatory Commission
(BERC), the Energy Ministry created the GDF in 2012 to implement
development projects in the energy sector.-UNB

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