Bapex finds 20 mmcf gas at Tobgi-1 well in Bhola

Staff Correspondent: State Minister for Power, Energy and Mineral Resources Nasrul Hamid yesterday said that the state-run Bapex found gas at Tobgi-1 exploratory well in Bhola.
“We hope, the country will get 20 million cubic feet (mmcf) gas per day from ‘Tobgi-1’ well and the estimated reserved is 239 billion cubic feet (Bcf) in the well,” he said in a short briefing at his ministry’s conference room.
Considering the gas reserve in Tobgi-1 well, the estimated price of gas at the customer level is about Tk 8059.08 crore, which is many times higher than the price of LNG imports, the state minister said. He said that the daily with average gas production rate of 20 mmcf from the newly well, the gas production will be feasible for about 30-31 year, adding, “This is definitely good news amid the crisis created in the global market due to Ukraine- Russia war.”
Stating that the government has been working to find sources of domestic energy, Nasrul also said, “Petrobangla has taken plans to drill a total of 46 exploration, development and work over wells during the 2022-2025 period.”
He said completion of the well will be completed with the aim of making it fully functional and productive by November 7.
“Two more wells (Elisha-1 and Bhola North-2) will be completed in stages by next June 2023. And after the implementation of the projects, a total daily production target of 46 to 55 million cubic feet of gas will be available from these three wells,” Nasrul said.
Petro Bangla Chairman Nazmul Ahsan and BAPEX Managing Director Mohammad Ali were also present in the briefing, among others.