Deal inked with Santos-Krisenergy for oil, gas exploration
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.
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