Vitaly Markelov, deputy chairman of the Gazprom Management Committee, and Syed Ashfaquzzaman, corporate secretary and member of the board of Bangladesh's state oil firm Petrobangla, signed a 5-year Memorandum of Understanding Jan. 29 for strategic cooperation.
The MOU comes after a working meeting headed by Mrkelov Sheikh Hasina, Prime Minister of the People's Republic of Bangladesh. The parties discussed the prospects of cooperation in the energy sector.
Gazprom's interests in Bangladesh are represented by Gazprom EP International BV. The company’s main partner in Bangladesh is Petrobangla.
In 2012 and 2015, Gazprom EP International and Petrobangla signed contracts to build exploratory and development wells at gas fields in Bangladesh. In 2017, a contract was signed to construct two prospecting and exploration wells on Bhola Island in the south of Bangladesh.
Since 2012, Gazprom EP International has designed and built 17 appraisal, exploration, and development wells at eight fields in Bangladesh. The total flow rate of these wells has reached 7 billion cu m/year of gas.
