KrisEnergy Awarded 45% Interest in Offshore Bangladesh Block

KrisEnergy has been awarded a 45% non-operating working interest in the production sharing contract (PSC) for the shallow sea Block SS-11 offshore Bangladesh.

Santos Sangu Field Ltd is the operator with 45% interest while Bangladesh Petroleum Exploration & Production Company Limited (BAPEX), holds 10%.

Last year, KrisEnergy acquired a 30% operating working interest in Block 9 onshore Bangladesh, which contains the producing Bangora gas field.

The PSC has an initial five-year term, with an associated work commitment of the acquisition and processing of 1,893 km 2D seismic data and 300 sq km 3D seismic data and the drilling of one exploration well, the company said.

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