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Petrobangla mulls to multiply Sangu’s platform commercial use

Petrobangla, a state-owned national oil company of Bangladesh, is mulling to multiply commercial use of the Sangu offshore platform in the Bay of Bengal for importing LPG or CNG with a view to meeting the increasing energy demand of the country.

Md Mahbub Sarwar, Director (PSC) of Bangladesh Oil, Gas and Mineral Corporation (Petrobangla), told the energynewsbd.com that they had already invited Expression of Interest (EoI) to pick up local or international company in multiple commercial use of Sangu offshore facilities in a rental basis.

He also informed that the last submission date of EoI is May 3, 2017.

Seeking anonymity, an official of Petrobangla said the platform is unused till now after shutting down the Sangu gas field.

Tk 2 crore is expending per year for its maintenance. So, the EoI has been called to overcome this unnecessary expenditure, he said.

“When a gas field is shut down in other countries, it is decommissioned, but we do not do it as we do not have the system.”

The platform has been unused for shut down of Sangu gas field run by Australian oil and gas exploration company Santos since three years.

Mahbub also said upon receipt of EoIs, the interceded companies, which will be seemed best suited to perform the operation, will be short-listed.

Later, the short-listed companies will get request for proposal (RFP).

The EoI said that interested local or international company must provide proof or certificate of operator ship from host country, state host company or relevant regulator.

Moreover, interested company must submit its annual reports for at least last five years or a financial report certificated by a chartered accountant firm.

Apart from these, it must submit a certificate from company`s statutory auditors stating the company`s net worth.

In case the parent company provides the financial and performance guarantee, the certificate from parent company`s auditor should be provided, the EoI added.

Fouzdarhat in Chittagong is the location of onshore gas process plant.

A 49 kilo-meter long 20-inch diameter seabed pipeline is in between offshore platform and onshore gas process plant.

Sangu, the first offshore gas field in the country, was shut down permanently on October 1, 2013 as its reserves was running out fast.

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