The state-owned Bangladesh Petroleum Exploration and Production Company Limited (Bapex) will procure a work-over rig from China to expedite its activities of onshore drilling oil and gas across the country.
This would be the sixth rig for the Bapex. To gear up the activities of drilling oil and gas, Awami League government has so far purchased three drilling and work-over rigs.
“We have already completed negotiations with the Chinese firm--SJ Petroleum Machinery Company -- for drilling a series of work-over wells within 2021 to explore more hydrocarbons with a view to reducing the shortfall of natural gas,” said a Bapex official.
He said that they are hopeful to add the rig, having capacity to 600-650HP, to the fleet of Bapex exploration equipment by this year.