21million cubic feet gas expected daily from 8th well of Bapex

21million cubic feet gas expected daily from 8th well of Bapex

Sylhet, May 24 - Bangladesh Petroleum Exploration and Production Company (BAPEX) has completed the drilling of well number 8 at Kailashtila in Golapganj Upazila of Sylhet.

It is expected that 21 million cubic feet of gas can be extracted daily from the well.

The Kailashtila gas field is owned by the state-owned Sylhet Gas Fields Limited (SGFL). The company has informed that the gas gathering pipeline construction is completed, and it will be possible to supply gas from this well within the next three months.

SGFL also stated that Kailashtila has a remaining recoverable gas reserve of 1900 billion cubic feet. The gas reserve found in Horizon-4 of well number 8 is 24-25 billion cubic feet, which has been added as a new reserve.

The value of this newly added gas is Tk1,620 crore (considering the price at Tk22.87 per cubic meter). Meanwhile, the estimated cost for the drilling work of the well is Tk172 crore.

SGFL Managing Director Mizanur Rahman said that gas was found at a depth of 3,440 to 5,500 feet. Currently, 21 million cubic feet of gas can be extracted daily on a trial basis, and full-scale extraction is expected to begin within three months, he added.

The drilling of this well began in June last year. The Sylhet-10 well was drilled at a cost of Tk149 crore by the Chinese company Sinopec. The authorities of Sylhet Gas Fields have reported that the well contains approximately 50 billion cubic feet of gas reserves.-UNB