Bangladesh has made a new discovery of a natural gas field with a reserve of 53 billion cubic feet.
The government expects an additional supply of 7 million cubic feet of gas per day from the previously abandoned Kailashtila-2 well operated by Sylhet Gas Fields Limited.
The gas from the well will save the country Tk 36 billion a day, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said in a post on X on Tuesday.
“Exciting news from Sylhet Gas Fields Limited! Kailashtila-2 well has struck gas in the Deeper Horizon,” he wrote.
“This means 70 lakh cubic feet of gas per day for the national grid, valued at Tk 3600 crore, plus 70 barrels of condensate daily. A significant boost for the energy sector!”
The news came as Prime Minister Sheikh Hasina virtually launched the drilling of three new wells, re-excavation of five old wells, and a refinery to turn petrol into octane under the company on Tuesday.
The 11 wells currently operational under the company supply 91 million cubic feet of gas to the national grid every day, according to Kamrul Islam Sarder, a general manager at Sylhet Gas Fields Limited.
He hopes the company will be able to start supplying another 10 million cubic feet of gas from Sylhet-10 well next week.
The three new wells are expected to add 36 million more gas once the drilling is completed, according to him.
Kamrul also hopes the re-excavation of the old wells will be completed soon.