Gas discovered at Rashidpur-3 well; 25.55bcf production expected in 10yrs
Based on the current LNG price of Tk65 per cubic metre, the market value of the extracted gas is projected at approximately Tk4,700 crore.
Rashidpur Gas Field. Photo: TBS
Natural gas has been discovered at the Rashidpur-3 well under Sylhet Gas Fields Limited (SGFL) during a workover operation carried out yesterday (5 September).
According to a press release issued by SGFL, the well is expected to produce around 25.55 billion cubic feet (bcf) of gas over the next 10 years.
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It added that the estimated cost of the workover operation is Tk73 crore. Based on the current LNG price of Tk65 per cubic metre, the market value of the extracted gas is projected at approximately Tk4,700 crore.
In addition, there is a possibility of obtaining condensate as a by-product, it said.
