BANGLADESH

(in South Asia)

CAPITAL: DHAKA

POPULATION: 148 mm

AREA (on): 144,000 km2

OIL PEAK: 2009

SUPPLY

Bangladesh produces a little condensate from the Surma basin in the northeast, which commenced in 1961. A little oil was produced from one well between 1987 and 1994 but this field is now depleted. Conversely condensate production has grown substantially, reaching a peak around 2009, after which the Surma basin gas fields will go into decline.

Gas production in Bangladesh has grown rapidly but may be near a peak onshore. Offshore production began in 1998 from the Sangu field in the Bay of Bengal which is now in serious decline. However there are considerable opportunities for new gas output from identified and new prospects, especially offshore once markets and infrastructure have been established.

 

DEMAND

Consumption of oil, almost all of which is used in automobiles, jumped in 2005 but has grown only slowly since, constrained by price in this poorly developed country with limited indigenous production.

However gas consumption has increased rapidly within the industrial and residential sectors as the country has created a market to allow development of its own gas. It is forecast that all of Bangladesh’s production growth will be used in the country although this is likely to reach a plateau by 2012. In the medium term Bangladesh will have insufficient gas to export even if there is strong demand in neighbouring India.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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