Oil discovered in Sylhet gas field Bangladesh

Oil discovered in Sylhet gas field

Bangladesh Live News | @banglalivenews | 10 Dec 2023, 05:33 pm

Dhaka: The Bangladesh government on Sunday said it has discovered an oil reserve at well no-10 of the Sylhet gas field.

An oil flow of 35 barrels (159 liters) per hour has been found at the initial stage, while the authorities are expecting to learn the actual size of oil stock by next four to five months, state minister for power, energy and mineral resources Nasrul Hamid told Prothom Alo.

While addressing a press conference, the minister said authorities started drilling the well two months ago and found oil flow in the first layer and gas in the three following layers. 

Some 70 barrels of oil were collected from the well in two hours on the first day before suspension of the extraction works, he was quoted as saying by the newspaper, emphasising proper study before further extraction.

He, however, expressed optimism that the country may benefit from the oil reserve in the next two decades. 

According to reports, the extracted oil has been sent to a laboratory for all necessary tests.