Offshore Oil, Gas Exploration: 7 foreign firms bought tenders so far
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said yesterday that seven international companies have so far bought tenders to participate in oil and gas exploration in the Bay of Bengal.
He said this while talking to reporters at a Dhaka hotel after attending a seminar, in which more than 15 international companies participated.
The state minister said many other companies have also expressed interest in working on the exploration work.
"In this tender, we have considered the interests of the country as well as the investing companies. We are very optimistic about this year's tender," he said.
The Prime Minister's Energy Adviser, Tawfiq-e-Elahi Chowdhury, said this year's tender is different from previous years' tenders.
He said South Asia is a good place for investment as it remains a peaceful region despite a volatile situation in the international energy market.
"Those who think about long-term investments should consider this. There is a big gas market around our sea. Investing in the area is less risky than in any other country. Considering the overall aspect, we think many will participate in the tender process.
"Chevron has invested $4 billion in our country. This shows how promising our country is."
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