Bangladesh's Sangu-11 Gas Well May Shut Down

Bangladesh's lone operational offshore Sangu-11 gas well in the Bay of Bengal is drying up fast as the natural gas output dropped by 33.59 per cent to 85 million cubic feet per day (mmcfd) Monday from a week ago, a senior official told Financial Express Bangladesh. The official said that the well could be shut down soon

Sangu-11's operator Australian oil and gas company Santos informed earlier about the closure of the well due to drop in gas pressure, the Petrobangla official said.

Santos had found commercially viable gas reserves in the Sangu-11 well, its first success in Bangladesh, when it drilled in block 16 in the Bay of Bengal in February 2012.

Santos started a $128 million three-well drilling programme in block 16 in October 2011, but did not discover any commercially viable gas reserves in the first two wells it drilled -- South Sangu-4 and North East Sangu-1, the newspaper said.