Bangladesh Petroleum Exploration and Production Company (Bapex) could not grow as a company of international standard despite operating for a long period of over 30 years. State Minister for Power, Energy and Mineral Resources Nasrul Hamid, who is responsible for the well-being as well as development of the Petrobangla company, himself expressed frustration over its performance at a recent virtual conference. He blamed the company itself and its employees for not being able to achieve a standard of international repute. Energy sector experts at the same event held not only the Bapex employees, but also the administration responsible for the failure. Despite the State Minister’s hopelessness, the experts still believed the company could be strengthened and developed if it could be provided with necessary freedom of taking decisions and financial support. They also suggested measures to retain the already trained manpower of the organization through providing necessary incentives.
However, it would be wise to provide all necessary supports to the country’s lone exploration and production company to strengthen it considering the energy security of the country. A strengthened Bapex could be useful particularly in cases of global uncertainties.