Bapex partners Santos in 1st offshore Block 16 venture
State-owned Bangladesh Petroleum Exploration and Production Co Ltd (Bapex) planned to venture into offshore petroleum exploration in Bangladesh for the first time after signing a preliminary deal with Australia’s Santos Ltd. earlier this week to drill an exploration well in Block 16.
“Yes, the agreement (with Santos) was signed and we are still talking to them about the drilling,” a Bapex executive told Rigzone.
Under the deal, the Bangladeshi company and Santos will carry out offshore drilling at the Magnama struc...