KrisEnergy begins drilling Bangora, onshore Bangladesh

9/5/2016

SINGAPORE -- KrisEnergy Ltd, an independent upstream oil and gas company, announced that the Bapex Bijoy 10 rig has commenced drilling of the Bangora-6 development well in the Block 9 production sharing contract, onshore Bangladesh.

Bangora-6 is being drilled from the Golpanagar site in the northern section of Block 9 and is planned to reach TD at 3,786 m (12,421 ft) MD, or 3,053 m (10,016 ft) TVD.

Block 9 covers 1,770 sq km and is located approximately 50 km east of Dhaka. In 2015, gross production from the Bangora field averaged 106 million cubic ft of gas per day and 291 bbl of condensate per day
from four development wells.

KrisEnergy is the operator for Block 9, with a 30% working interest. Other partners in Block 9 are Niko Exploration with a 60% working interest, and Bangladesh Petroleum Exploration and Production Co. with 10%.

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