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KrisEnergy expands position in Bay of Bengal with 45% stake in SS-11

KrisEnergy expands position in Bay of Bengal with 45% stake in SS-11
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Bangladesh General , Business Development Richard Lorentz ,

Bangladesh exploration block relinquished in new blow to country's E&P sector


19 January 2021 0:05 GMT
Updated 
19 January 2021 0:05 GMT
in 
London
Partners in Block SS-11 offshore Bangladesh have formally relinquished the shallow-water tract, dealing another blow to the South Asian nation’s increasingly lacklustre upstream sector.
Co-venturer KrisEnergy revealed on Monday that Bangladeshi authorities last week approved the relinquishment of the area in the Bay of Bengal and termination of the SS-11 production sharing contract.
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“The relinquishment, which was recommended by the operator [Santos Sangu] and unanimously approved by the joint venture partners, was pursuant to the terms of the PSC,” the Singapore-headquartered company said. ....

Bangladesh General , Medco Energi , Santos Sangu , Bangladesh Petroleum Exploration Production Company Bapex , Ophir Energy , South Asian , Bangladesh Petroleum Exploration , Production Company , பங்களாதேஷ் ஜநரல் , மெட்கோ எனர்ஜி , சாண்டோஸ் சங்கு , பங்களாதேஷ் பெட்ரோலியம் ஆய்வு ப்ரொடக்ஶந் நிறுவனம் பபேஸ் , ஓபிர் ஆற்றல் , தெற்கு ஆசிய , பங்களாதேஷ் பெட்ரோலியம் ஆய்வு , ப்ரொடக்ஶந் நிறுவனம் ,