• Saturday, November 22, 2014

Deal inked with Santos-Krisenergy for oil, gas exploration

Star Online Report
In this file photo, drilling equipment are seen kept at the prospective gas and oil site at Mubarakpur in Pabna district.
In this file photo, drilling equipment are seen kept at the prospective gas and oil site at Mubarakpur in Pabna district.

Australia-based Santos, Krisenergy (Asia) of Singapore and Bapex of Bangladesh today signed a joint venture agreement to explore oil and gas in the shallow sea Block 11.

The deal was signed with the government and Petrobangla, the state-owned oil company, at the latter’s office in the capital.

Under the deal, Santos and Krisenergy will invest US$ 15 million for a five-year initial period.

Published: 2:42 pm Wednesday, March 12, 2014

Last modified: 8:02 pm Wednesday, March 12, 2014

TAGS: Bangladesh Australia Singapore Deal Petrobangla Bapex Santos Krisenergy

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