Could Bangladesh finally be on the verge of a much-needed and long-awaited upstream renaissance?
Government officials are upbeat following Posco Daewoo’s encouraging results from a recent seismic survey and its decision to acquire more detailed 3D data later this year before potential exploration drilling.
The South Korean operator is today the only company engaged in exploring Bangladesh’s deep waters, but state-owned Petrobangla is hoping others will be tempted back to its gas-prone offshore plays.
