Cairn Energy Drills New Production Well At Bangladesh Field
CARACAS May 03, 2007 (Dow Jones Newswires)
U.K.-based Cairn Energy (CNE.LN) has finished drilling a new production well at its offshore Sangu field in Bangladesh, a senior official with state-owned Petrobangla said Thursday.
"The Sangu-10 well has just been completed and the West Janus was released from the platform Tuesday," said the official.
The new well was drilled to maintain Cairn's daily gas output of around 170 million cubic feet a day after production from its Well 4 declined, the official said.
Six wells in the field, which had a reserve of about 950 billion cubic feet when discovered in 1996, are currently in production.
The Sangu field has produced in excess of 400 billion cubic feet of gas since the start of production in 1998 and generated gross revenue in excess of $830 million, according to Cairn Energy.
Copyright (c) 2007 Dow Jones & Company, Inc.
- India Plans Larger Oil Auctions as Modi Pursues Import Cuts (Sep 14)
- Cairn Energy: SNE-5 Appraisal Well Hits Oil, Gas (Mar 07)
- AkerBP, Cairn Energy Make Jefferies Top Pick List (Jan 09)
Company: Petrobangla more info
- Tokyo Gas Gets Bangladesh LNG Terminal Feasibility Study Contract (Jul 27)
- Petrobangla Invites EOIs for 3 Offshore Exploration Blocks in Bay of Bengal (Sep 30)
- Excelerate Confirms Deal to Build Bangladesh's First LNG Import Terminal (Jul 27)