BananaRepublic
Full Member
- Jan 7, 2024
- 323
- 171
Give it to a foreign company and they take 50%.
Give it a Bangladesh company and you keep 100%.
Give it to foreign company and you get 30%.
Give it to Bangladeshi company and you get 0%!
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Give it to a foreign company and they take 50%.
Give it a Bangladesh company and you keep 100%.
Bangladesh is a relatively newer formed country created by sediment, but the coastal areas are as old as the neighboring countries.
Playing devil's advocate I think it would be better if a decent amount of oil and gas at a time is found in BD, that gives just enough for a period to time to allow extremely cheap electricity generation and reduction of imports of oil and LNG to save precious forex.
Any "substantial" finds will probably be squandered and distort the BD economy and stop its development.
What would be nice now would be to find an oil field of a few billion barrels to stop any requirement for oil imports for 15-20 years.
Myanmar is already extracting gas quite close to our maritime border.This is a great news. This also gives hope that deep sea blocks may have larger reserves.
Myanmar is already extracting gas quite close to our maritime border.
Great we will always be left with our phalanges in our handIndia too. They found oil as well.
Government is sticking to proven reserve amount, instead of probable reserve amount. Which is 5TCF...I think it’s been restated to have 2.5 tcf of gas.
India too. They found oil as well.