The much-hyped offshore survey to discover new hydrocarbon reserve in the country's territorial water in the Bay of Bengal is set to miss the current exploration season due to delay in project approval.
State-owned Petrobangla has not yet got the 'go-ahead' to ink a final deal with TGS-Schlumberger which won the bid for carrying out non-exclusive multi-client seismic survey in offshore Bangladesh, a senior Petrobangla official said.
If the approval is not given soon, he said, surveying offshore in the current offshore exploration season will not be possible. The offshore exploration season usually spans from October to March, he added.
The law ministry has already vetted positively awarding of the contract to the Norwegian-US joint venture TGS-Schlumberger.
The TGS-Schlumberger is expected to survey 22 offshore hydrocarbon blocks within the sovereign territory of Bangladesh.
