Bangladesh Gas Fields Company Limited (BGFCL) signed an agreement on 7 August with China's Chuanqing Drilling Engineering Company Ltd (CDECL) to drill two deep gas wells at the Titas and Bakhrabad fields, aiming to ease the country's ongoing energy shortage.
Under the project, Titas-31 (5,600 meters) and Bakhrabad-11 (4,300 meters) will be drilled to explore deep gas reserves. This marks Bangladesh's first venture into High-Pressure High-Temperature (HPHT) drilling, with expected pressures reaching 15,000 PSI and temperatures of around 390°F.
The initiative follows 3D seismic surveys by BAPEX in 2011–12 and further evaluation by China National Petroleum Corporation (CNPC) in 2019–20.
Drilling will target four potential gas-bearing layers in Titas and two in Bakhrabad, all within the Bhuban and Borail formations beneath unexplored overpressure zones.
The Tk798 crore project will be funded through a Tk558.60 crore government loan and Tk239.40 crore from BGFCL's own equity. Implementation is scheduled from July 2025 to December 2027.
