Govt to drill two new gas wells at Tk 592 cr for 30 mmcfd

Govt to drill two new gas wells at Tk 592 cr for 30 mmcfd The government plans to drill two appraisal-cum-development wells at the Titas Gas Field at an estimated cost of Tk 592 crore to increase domestic gas production by around 30 million cubic feet per day (mmcfd). The project titled "Drilling of Two Appraisal-cum-Development Wells (Titas-32 and Titas-33) at Titas Gas Field," will be placed before the Executive Committee of the National Economic Council (ECNEC) meeting scheduled for October 25 for approval, an official familiar with the process told BSS here today. ECNEC Chairman and Prime Minister Tarique Rahman will preside over the meeting at Bangladesh Secretariat. Bangladesh Gas Fields Company Limited (BGFCL), a Petrobangla subsidiary, will implement the project under the Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources from October 2026 to September 2029, said an official at Petrobangla. The official said of the total estimated cost, Tk 414.40 crore will come from government financing and Tk 177.60 crore from the company's own funds. Talking to BSS, Chairman of Petrobangla Abdul Mannan said the two wells are expected to produce around 30 million cubic feet of gas, while condensate will also be available from the two gas wells. "Gas from the new wells will help increase supply to the national gas grid along with 18 barrels of condensate, which will reduce dependence on imported liquefied natural gas (LNG), as the government has been working to drill more gas wells as per its target," he said. Mannan said the government has set a target to drill 150 wells by 2031 to raise gas output, followed by another 150 wells during the 2031-'35 period to further strengthen the country's local gas production. According to the proposal, the wells could produce around 100.74 billion cubic feet (BCF) of gas and 60,444 barrels of condensate over 10 years.