A proposal of Energy and Mineral Resources Division on the matter will be placed at the meeting of the cabinet committee on economic affairs for approval tomorrow.
According to the proposal, Petrobangla will sign an agreement with TGS-NOPEC and Schlumberger, a Norwegian-US joint venture, to conduct the 2D seismic survey. The agreement will be signed this month.
Foreign oil and gas companies, who are now involved with offshore areas, will collect data from the Norwegian-US firm for drilling, the proposal said.
Prime Minister’s Office already approved the proposal last month. Prime Minister Sheikh Hasina is also minister of Power, Energy and Mineral Resources.
The objective of the survey is to provide the country’s oil and gas industry with 2D seismic data of the offshore areas to help with basin evaluation, prospect generation and robust bid-round participation.
The survey, first of its kind in the country, was deemed necessary after Bangladesh’s maritime boundaries with Myanmar and India were settled.
The state-owned Petrobangla, on behalf of the government, invited re-tenders to conduct the survey on December 10 last year and received proposals from five global geophysical companies by January 31 this year.
The companies are Norway-US joint venture TGS-NOPEC and Schlumberger, Chinese company BGP, Russian firms Dalmorneftegeophysica (DMNG) and Marine Arctic Geological Expedition (MAGE) and UK-based Spec Partners Ltd.