Political Crossfire Forums

[Maruf]

An irish oil company, Tullow, and a French company, Total, have expressed high optimism in discovering huge oil reserve in Bangladesh. After examining the bubbles and petroliferous matters, they have come to the conclusion that it is a matter of time before they discover the first ever offshore oil mine in Bangladesh.

http://www.thedailystar.net/2006/01/18/d60118012215.htm

[Saracen]

Congratulations to Bangladesh's economy. :clap:

[Maruf]

Thank you. :-D By the by, which country are you from?

[Saracen]

I'm Palestinian. Salamu aleikum.

[foadi]

Have you seen any projections about potential production capacity, or total reserves? I found Tullows Q4 trading statement, but they make no mention of oil, only gas:

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/01-31-2006/0004271132&EDATE=

Quote: Bangladesh

Block 9, Bangora-1 (A) (Tullow 30%)
The Bangora/Lalmai Appraisal Programme, approved in early 2005, made
significant progress during Q3/Q4 2005. The processing equipment for the long
term test is in transit to Bangladesh, and the Bangora pipeline has been
installed. It is planned that installation and commissioning of the facility
will be completed in the first quarter of 2006, with first gas at an
anticipated rate of 50 mmscfd in the second quarter. A 3D seismic program over
the entire Bangora-Lalmai structure is well advanced and the two well drilling
program with two further optional wells is scheduled to commence in the second
quarter.

Blocks 17 and 18 (E) (Tullow 32%)
In December 2005, Tullow reached agreement to farm out a 60% interest in
Blocks 17 and 18, offshore Bangladesh, to Total. Tullow will retain a 32%
interest and Operatorship of the blocks.

That said, I wouldn't at all be suprised if large oilfields were discovered in Bangladesh.

[Maruf]

Actually they conducted just a preliminary survey and the govt. of Bangladesh is yet to approve full scale exploration by the company. My guess is, if Bangladesh allows them to conduct a full scale exploration, Tullow will include Bangladesh in their projection report.

[Maruf]

Moath wrote: I'm Palestinian. Salamu aleikum.
Wa'salaam, bro. I have never met a Palestinian before. :-D

[TwinkieDP]

Maruf wrote: An irish oil company, Tullow, and a French company, Total, have expressed high optimism in discovering huge oil reserve in Bangladesh. After examining the bubbles and petroliferous matters, they have come to the conclusion that it is a matter of time before they discover the first ever offshore oil mine in Bangladesh.

http://www.thedailystar.net/2006/01/18/d60118012215.htm

Won't be surprised if other foreign powers attempt to secure deals with Bangladesh on oil field rights...

[Maruf]

American, and British companies are already there to explore oil an gas. Recently, Russia, China, and Japan have also shown interest in the oil and gas exploration in the Exclusive Economic Zone of Bangladesh.