Bangladesh’s recent gas discoveries, notably the potential additional 1.6 trillion cubic feet (Tcf) from the Kailashtila gas field in Sylhet, signal a significant stride towards the nation’s energy independence and economic growth.
A total of three trillion cubic feet of newly discovered gas reserves are currently known to exist. The primary gas reserves of the nation are 40.43 trillion cubic feet.
There is approximately 10 trillion cubic feet (tcf) of gas left in the nation’s 22 active gas fields for
extraction, according to recent data from 2022. On the other hand, 28.76 trillion cubic feet of extractable gas reserves were reported by another source.
The estimated recoverable proved and probable reserves in the 27 commercial gas fields in the country were 29.54 trillion cubic feet, according to 2009 estimates from the UK-based RPS Energy Limited and the forecast for the recently discovered fields.
According to data from Petrobangla, by 2021, about 20 trillion cubic feet of the total reserves had been extracted. This indicates that the nation will only be able to produce natural gas for the next ten years if the current daily production trend continues, as the current commercial gas fields produce about 900 billion cubic feet of gas annually. Concern remains because of increased consumption, triggered by massive economic growth over the past decade, Bangladesh’s local gas production is already marking significant drops, leading to a shortfall of fossil energy sources and increased gas imports in the form of liquefied natural gas (LNG).
The government hopes that as long as the annual domestic consumption stays close to 1 tcf, the projected reserve will be sufficient for at least 20 years. Currently, the average daily production of gas is 2300 million cubic feet per day from 21 active gas fields and a demand of roughly 4,000 mmcfd.
In an exciting development for Bangladesh’s energy sector, State Minister for Power, Energy, and Mineral Resources, Nasrul Hamid, has announced the potential discovery on Saturday. His visit to various gas fields and processing plants underscores the nation’s commitment to expanding its energy infrastructure and capabilities. This news comes as a beacon of hope for the nation’s energy independence and economic prosperity.
Kailashtila-8 well 1.6 trillion cubic feet
Expressing optimism during an inspection visit to the Kailashtila-8 well exploration site on Saturday, Minister Hamid highlighted the significant progress made in uncovering Bangladesh’s natural resources. The Kailashtila field, renowned for its substantial gas reserves, is poised to contribute even more to the country’s energy security.
The inauguration of projects such as the Model Petrol Pump and the gas supply pipeline project heralds a new era of energy development in Bangladesh. With initiatives like the prepaid meter project and the ambitious plan to drill 100 new wells by 2028, Bangladesh is poised to enhance its energy security and reduce reliance on costly imports.
With ongoing exploration endeavors, Bangladesh anticipates not only confirming the additional gas reserves but also expanding its domestic energy portfolio.
Minister Hamid emphasized the economic benefits of domestically produced gas, which costs significantly less than imported alternatives, paving the way for substantial savings and strengthened economic resilience.
Commending the efforts of officials and stakeholders involved in the exploration process, Minister Hamid underscored the ministry’s commitment to recognizing and rewarding capabilities. This approach, he emphasized, aligns with the government’s priority of fostering innovation and efficiency in the energy sector.
Mizanur Rahman, Managing Director of Sylhet Gas Fields Limited, echoed the optimism surrounding the Kailashtila-8 well, citing promising indications from previous drilling efforts. The ongoing exploration, expected to yield over 1 Tcf of gas, reflects Bangladesh’s steadfast dedication to harnessing its natural resources for sustainable development.
Rashidpur Well 157 billion cubic feet
In addition to the Kailashtila project, Bangladesh’s energy landscape is marked by other significant achievements. The officials said the huge quantity of gas worth Tk 10,670 crore has been discovered in well No-2 of Rashidpur Well, which is operated by Sylhet Gas Fields Limited.
According to the ministry, the gas level was detected by testing the upper sand top zone through a well work over. From here, within the next 10 days, it will be possible to supply gas to the national grid at the rate of 8 million cubic feet per day.
Considering the current average price of gas, the price of 157 billion cubic feet of gas that can be extracted at this level is Tk 10,670 crore. Talking to Bangladesh Post, Md. Mizanur Rahmam, Managing Director of Sylhet Gas Field Limited confirmed the discovery of a new layer of gas.
According to sources, Sylhet Gas Fields Limited plans to drill seven new wells and seven well renovation/redrilling projects in 2024–2025. They have already completed drilling one well and begun work on another. In addition to the finished re-drilling, another is in progress.
Bibiyana gas field 1 Trillion cubic feet
Recently drilled wells at the Bibiyana gas field in Bangladesh may harbor an astonishing one trillion cubic feet (Tcf) of natural gas reserves.
This remarkable discovery, coming after Chevron Bangladesh successfully completed its 27th well at the field, marks a turning point for the nation’s energy landscape.
Ilisha-1 gas field 200 billion cubic feet
Adding to this optimistic outlook, the newly identified Ilisha-1 gas field in Bhola district, positioned as the country’s 29th gas field, is estimated to hold a substantial reserve of 200 billion cubic feet (bcf) of gas. Situated 182km away from the capital Dhaka, Ilisha-1 contributes significantly to diversifying Bangladesh’s gas portfolio.
As Bangladesh continues to make strides in energy exploration and development, the future looks bright for its energy sector. With a concerted effort from government agencies, industry stakeholders, and local communities, Bangladesh is well-positioned to achieve its energy goals and emerge as a leading player in the global energy landscape.
