On May 17, Gazprom International began to drill a new well in Bangladesh under the contract with the local BGFCL and SGFL.
Rashidpur-10, a vertical exploration well with a projected depth of 2,900m was drilled in the Sylhet Division, 180km northeast of Dhaka, the country's capital.
It is the third well to be drilled within the framework of the supplementary turnkey contract for construction of five wells, which was signed in September of 2015 by Gazprom International and BAPEX, BGFCL and SGFL (subsidiaries of Petrobangla, Bangladesh National Oil, Gas and Mineral Corporation).
In 2014, Gazprom International already carried out drilling works at the Rashidpur field. The Rashidpur-8 well was then built for SGFL and gave a daily flow rate of 435 thousand cubic meters.
On 25 April 2016, Gazprom International finished the construction of the Srikail-4 production well at the Srikail field in the southeast of Bangladesh under the contract with BAPEX. The well gave a maximum daily flow rate of 580 thousand cubic meters per day.
In the end of 2014, within the framework of its first joint project with Bangladesh, Gazprom International, Gazprom's sole specialized enterprise for hydrocarbon field prospecting, exploration and development projects outside the Russian Federation, entirely fulfilled its obligations under two drilling contracts signed on 26 April 2012 with BAPEX, BGFCL and SGFL, Petrobangla's subsidiaries. In accordance with these agreements, ten wells were designed and built at six fields of Bangladesh. Tests showed that maximum total production rate of the wells amounted to 5.1 million cubic meters per day, which is equal to 16.8% of Petrobangla’s production volume and to 7.5% of the total yield in the country.
In September 2015, Gazprom International and the units of Petrobangla, Bangladesh National Oil, Gas and Mineral Corporation, signed two supplementary agreements to design and build five new wells: three wells at the Rashidpur field, one well at the Srikail field and one well at the Bakhrabad field.
A total of 26 gas fields have been discovered in Bangladesh, 2 of which are located on the shelf of the Bay of Bengal. According to local media, BAPEX (both independently and together with international partners) discovered 7 gas fields: Saldanadi, Fenchuganj, Shahbazpur, Semutang, Sundalpur, Srikail and Rupganj.
Petrobangla estimates total proved hydrocarbon reserves of Bangladesh at over 15 trillion cubic feet (over 400 billion cubic meters).