Bangladesh plans to drill and rework 58 oil and gas wells between 2028 and 2031 as part of a long-term strategy to strengthen energy security, Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood told Parliament recently.
The minister said the program will support domestic energy exploration, while new drilling locations will be identified through ongoing seismic surveys.
The government will also procure a 1,500-horsepower drilling rig to enhance the capacity of state-owned BAPEX.
Bangladesh has already launched the Offshore Bidding Round 2026, covering 26 offshore blocks, including 15 deep-sea and 11 shallow-water blocks, to attract international investment in oil and gas exploration.
The government also plans to expand LNG infrastructure in Moheshkhali, build new gas transmission pipelines and diversify fuel import sources to ensure a stable energy supply.
Iqbal said Bangladesh aims to raise its fuel reserve capacity to 90 days. Fuel storage capacity has increased from nearly 694,000 tonnes to more than 1.57 million tonnes over the past 25 years, with further expansion planned through 2035.
