ConocoPhillips awarded deepwater Bangladesh blocks

Offshore staff

HOUSTON – ConocoPhillips has signed a production sharing contract (PSC) with the government of Bangladesh and Petrobangla, covering two blocks in the deepwater area of the Bay of Bengal.

This is the company’s first foray into exploration in Bangladesh. It has a 100% working interest in the PSC.

Blocks DS-08-10 and DS-08-11 cover a total area of 5,158 sq km (1,992 sq mi), in water depths of 1,000-1,500 m (3,300-5,000 ft), around 280 km (175 mi) from Chittagong.

ConocoPhillips claims the awarded area – in Bangladesh’s portion of the Bay of Bengal – holds the largest submarine fan in the world.

Bangladesh’s deepwater area is virtually unexplored, the company adds. Work will start as soon as possible on acquisition of a “large” 2D seismic survey.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...