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Gas production starts from well No. 14 of Titas field

Special Correspondent Energy 2024-05-26, 12:56am

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Gas production starts from well No. 14 of Titas field



Dhaka, May 25 - Gas production started from the well No-14 of the Titas Gas Field on Saturday.

According to Energy and Mineral Resources Division, the gas supply from the well to the national grid began following the completion of the workover by the Bangladesh Gas Field Company Limited (BGFCL).

Energy secretary Md Nurul Alam formally inaugurated the supply of gas from the well of the Titas field. Initially the well will supply 12 million cubic feet gas per day (MMCFD).

Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) started the workover on 19 March this year using their Bijoy-11 rig and completed it successfully on 21 May, 2024.

The well is expected to produce a total of 40 billion cubic feet of gas.

The well can produce gas over a period of 10-12 years at a rate of 10-12 MMCFD which current market value is Tk. 2,590 crore while it cost Tk 75 crore to complete the workover of the well.

BGFCL is a subsidiary of the state-owned Petrobangla which now produces a total of 560 MMCFD gas from its six gas fields including Titas, Habiganj, Bakhrabad, Narsingdi, Meghna and Kamta.

Petrobangla chairman Zanendra Nath Sarkar, Additional Secretary of Energy and Mineral Resources Division Md. Humayun Kabir, Sylhet Gas Fields Limited Managing Director Md Mizanur Rahman and Bangladesh Gas Fields Company Limited Managing Director Engineer Md Fazlul Haque were , among others, present on the occasion.-UNB