Two new wells will be drilled at a cost of 592 crore taka.

Bangla Press Desk: The government has planned to drill two exploratory and development wells at the Titas gas field—the country’s largest domestic gas-producing field. The project is estimated to cost 592 crore BDT. Once operational, these two wells will add approximately 30 million cubic feet of gas per day to the national grid.
An official associated with the project, titled "Drilling of Two Exploratory and Development Wells (Titas-32 and Titas-33) at the Titas Gas Field," stated that the proposal will be presented for approval at the upcoming meeting of the Executive Committee of the National Economic Council (ECNEC), scheduled for October 25.
The meeting, to be held at the Bangladesh Secretariat on October 25, will be chaired by the Prime Minister, who also serves as the Chairperson of ECNEC.
The project will be implemented by the Bangladesh Gas Fields Company Limited (BGFCL)—a subsidiary of Petrobangla—under the Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources.
A Petrobangla official noted that the project is slated for implementation between October 2026 and September 2029.
He added that of the total project cost, 414.40 crore BDT will be sourced from government funding, while 177.60 crore BDT will be provided from the company’s own funds.
Petrobangla Chairman Abdul Mannan told BSS that the two new wells are expected to produce approximately 30 million cubic feet of gas per day. Additionally, the wells will yield condensate.
"The gas from these new wells will help increase supply to the national grid. Furthermore, 18 barrels of condensate will be recovered. The government has initiated the drilling of additional gas wells in line with its set targets, which will reduce reliance on imported Liquefied Natural Gas (LNG)," he said.
Abdul Mannan further stated that the government has set a target to drill 150 wells by 2031 to boost domestic gas production. Subsequently, another 150 wells are planned to be drilled between 2031 and 2035, a move intended to further strengthen the country’s own gas production capacity. According to the project proposal, it is estimated that approximately 100.74 billion cubic feet (BCF) of gas and 60,444 barrels of condensate could be produced from the two wells over a 10-year period.
Based on the company’s current wellhead prices, the total estimated value of the produced gas and condensate would be 3,390.7 million BDT—comprising 2,852.6 million BDT for the gas and 538.1 million BDT for the condensate.
Conversely, if calculated based on consumer-level gas prices, the estimated value of the gas produced over the same period would amount to 65,239.7 million BDT.
Currently, BGFCL supplies approximately 480 to 485 million cubic feet of gas per day to the national grid from five of its six active gas fields. From the Titas gas field—the company’s largest—about 330 million cubic feet of gas is produced daily across 23 of its 28 drilled wells.
This project was initiated following a review of 3D seismic survey data collected from the Titas and Bakhrabad gas fields between 2010 and 2012. BGFCL engaged BGP Inc., a subsidiary of the China National Petroleum Corporation (CNPC), to analyze this data. The consultancy firm recommended drilling 16 new wells and seven deep wells across these two gas fields.
As part of a government plan to drill 150 onshore gas wells to boost domestic production, the Titas-32 and Titas-33 wells have been prioritized. The project entails drilling these two wells through a foreign contractor, engaging both domestic and international consultants, installing gas gathering pipelines, and carrying out other related tasks. The Infrastructure Investment Facilitation Company (IIFC) conducted a feasibility study for the project in 2026. The Planning Commission has stated that the implementation of the project will help reduce LNG imports—thereby saving foreign currency—while also supporting domestic gas production and industrial development.
During a meeting of the Project Evaluation Committee (PEC) held on June 18, 2026, it was recommended that the project costs be brought down to a reasonable level. Consequently, the estimated cost of the project has been reduced by 40 crore taka from the initial proposal of 632 crore taka, bringing it to 592 crore taka.
BP/TD