The Tk798 crore project will be funded through a Tk558.60 crore government loan and Tk239.40 crore from BGFCL’s own equity
BGFCL company secretary Md Mozahar Ali and Chief Executive Officer of Chuanqing Drilling Engineering Company Ltd (CDECL) Li Xiaoming signed the agreement on behalf of their respective sides. Photo: BSS
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BGFCL company secretary Md Mozahar Ali and Chief Executive Officer of Chuanqing Drilling Engineering Company Ltd (CDECL) Li Xiaoming signed the agreement on behalf of their respective sides. Photo: BSS
Bangladesh Gas Fields Company Limited (BGFCL) has signed an agreement today (7 August) with China’s Chuanqing Drilling Engineering Company Ltd (CDECL) to drill two deep gas wells at the Titas and Bakhrabad fields, aiming to ease the country’s ongoing energy shortage.
Under the project, Titas-31 (5,600 metres) and Bakhrabad-11 (4,300 metres) will be drilled to explore deep gas reserves. This marks Bangladesh’s first venture into High-Pressure High-Temperature (HPHT) drilling, with expected pressures reaching 15,000 PSI and temperatures of around 390°F.
The initiative follows 3D seismic surveys by BAPEX in 2011–12 and further evaluation by China National Petroleum Corporation (CNPC) in 2019–20.
Drilling will target four potential gas-bearing layers in Titas and two in Bakhrabad, all within the Bhuban and Borail formations beneath unexplored overpressure zones.
The Tk798 crore project will be funded through a Tk558.60 crore government loan and Tk239.40 crore from BGFCL’s own equity. Implementation is scheduled from July 2025 to December 2027.
Upon successful completion, Titas-31 is expected to produce 15 million cubic feet per day (mmcfd) of gas, and Bakhrabad-11 around 10 mmcfd, potentially opening a new chapter in Bangladesh’s energy sector and reducing reliance on imports, said Petrobangla officials.
Md Mozahar Ali, company secretary of BGFCL, and Li Xiaoming, CEO of CDECL, signed the deal. Petrobangla Chairman Rezanur Rahman and senior officials from Petrobangla, CDECL, BGFCL, and BAPEX were present at the signing.
