Daewoo discovers gas in Bay of Bengal

It has an exploration contract with the government until 2022.

South Korean conglomerate Daewoo has made a gas discovery in Block D-12 in the Bay of Bengal in Bangladesh, adjacent to Myanmar’s Block AD 7, in a basin that is shared between Bangladesh and Myanmar. Bangladesh could hold five prospective structures that would near three gas fields in Myanmar having 8 tcf (226 bcm) of reserves. The five structures could be moderate gas fields.

Daewoo has a contract with the Bangladesh government that allows for exploration in deep seas until 2022. It plans to carry a 3D survey at the Block 12, and, if findings are confirmed, it will start drilling activities.

This article was originally published by Enerdata.