State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Thursday said the activities for exploration and extraction of oil and gas will be enhanced with the help of technology, reports BSS.
“We will drill 48 wells by 2024-25. Activities are being taken for drilling another 100 wells, as demand of gas has been continuously increasing,” he said this while delivering speech at the opening session of a workshop titled "Gas Demand-Supply Scenario; Scope of Seismic Survey & Enhancement of Drilling Activities To Expedite Hydrocarbon Production" at Petrobangla in the city.
The state minister said that to match the supply and demand, economic growth will continue, adding, “Plan will be prepared with the opinion of experts. In 2029-30, demand of gas could be 6655 mmcfd. On the other hand, reserve in our own mines is decreasing.Nasrul Hamid said that avoiding criticism clear proposals are needed on how to increase the supply of oil and gas to the industries for booting up the country’s economy.
“Domestic gas, mixed with imported LNG at a purchase price of Tk 24.80 per cubic meter but the average selling price is Tk 21.41 per cubic meter.
This deficiency can disrupt the balanced development. Apart from that, if the gas is given as per demand for electricity, subsidy will be reduced around by 70 percent,” he added.
Bakhrabad Gas Distribution Company Managing Director Md Anwar Islam and Petrobangla General Manager Mehrur Hasan presented the main articles while Petrobangla Chairman Janendra Nath Sarkar chaired the function.
Bd-pratidin English/Tanvir Raihan
.jpg?v=1725503334)
