Oil and Gas in the Capitals ///
In late 2008, Bangladesh and Myanmar nearly went to blows over an offshore E&P dispute. This small but potentially dangerous altercation has profound implications for the oil and gas industry.
Bangladesh uses 200 MMcf of gas daily, regularly outpacing supply. The per capita GDP is $1,400. Accordingly, E&P is pivotal for the country’s survival. To widen its E&P, Bangladesh on Feb. 15, 2008, accepted 22 bids by seven companies to explore 15 of 28 blocks in the Bay of Bengal.
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