ConocoPhillips inks PSC for off Bangladesh

摘要

Dhaka-ConocoPhillips June 16 signed a production sharing contract with Bangladesh's state-run Petrobangla for a part of two deep-water gas blocks-DS-08-10 and DS-08-11- in the Bay of Bengal, which the US oil giant won in Bangladesh's 2008 bid round. The PSC is Bangladesh's first deepwater exploration contract and is the country's first contract with an international oil company since 2001, when a deal was signed with Shell and Cairn Energy for onshore gas blocks 5 and 10.