Reuters: Bangladesh Says ConocoPhillips Seeking Gas Blocks

A senior Bangladesh energy official said ConocoPhillips is seeking exploration rights in six new deep-water gas blocks in the Bay of Bengal, Reuters news agency reported Sunday on its website.

The move follows a U.N. tribunal border ruling that cleared the way for more offshore oil and gas exploration in the area, the report said.

"The U.S. firm has expressed its willingness to get more blocks to explore oil and gas in the deep sea," the report quoted Muhammad Hussain Monsur, chairman of state-run Bangladesh Oil, Gas and Mineral Corp., or Petrobangla, as saying.

ConocoPhillips made no comment, the report said.

Click on the following link to read the full story.

Copyright (c) 2012 Dow Jones & Company, Inc.


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