Last manage Posco Daewoo 14 Mar for remote ocean gas investigation
State-possessed Petrobangla will sign the last manage Posco Daewoo International Corporation on 14 March to grant the remote ocean gas square DS-12 in the Bay of Bengal for hydrocarbon investigation.Prior, the both sides consented to an underlying arrangement on 7 December a year ago which as of late got the leeway from the law service and the bureau monetary undertakings board of trustees.
"We're set to consent to the arrangement with Posco Daewoo on 14 March," Petrobangla administrator Abul Mansur Md Faizullah told UNB.
Official sources said the Korean organization was chosen for the gas hinder through a spontaneous procedure under the 'Immediate Power and Energy Supply (Special) Act-2010' which implies there was no open focused offering process in the choice.
They said the alternative for gas fare was kept open in the proposed bargain. After the disclosure of any gas, the South Korean organization will be permitted to fare it once Petrobangla and nearby organizations decline to get it.
"In the event that Petrobangla declines to purchase the gas, Posco Daewoo will offer an outsider inside the nation to get it. In the event that the outsider can't, then the Korean organization will be permitted to fare it," said a top authority of the Petrobangla alluding to an arrangement of the proposed creation sharing contract (PSC).
Official sources said the gas cost was set at $6.5 per unit (1000 cubic feet) for the piece. That implies when there will be any disclosure of gas; the legislature will get its own particular bit as a major aspect of the PSC. Also, the Korean organization will get its own particular segment of gas and the administration will purchase its gas at this settled rate.
According to the proposed contract, Posco Daewoo will lead a 2D seismic review and penetrate an investigation well in the initial two years. In the event that the piece is observed to be potential, the organization will lead a 3D overview.
Posco Daewoo Corporation now stayed occupied with investigation works in a close-by gas obstruct in the sea territory of neighboring Myanmar. That is the reason the organization has been keen on Bangladesh's remote ocean gas piece 12.
The remote ocean square 12 is situated close to the Thalin-1A gas investigation well at piece AD-7 of Myanmar where the Korean asset designer prevailing with regards to finding gas holds in February this year.
Considering comparable geological elements as the piece AD-7, vitality specialists think there is a decent shot that the square 12 of Bangladesh would contain comparable gas saves.
Global media reports said Posco Daewoo began business creation of gas at Myanmar's seaward hinders A-1 and A-3 in July 2013 and it has been investigating another regular gas well AD-7 subsequent to finding an extensive gas store in February this year.
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