Dhaka:The government is set to drill two new appraisal-cum-development wells at the Titas Gas Field, aiming to boost domestic gas production by approximately 30 million cubic feet per day (mmcfd). The project, estimated to cost Tk 592 crore, is expected to enhance the supply to the national gas grid and reduce reliance on imported liquefied natural gas (LNG).
According to Bangladesh Sangbad Sangstha, the project, titled "Drilling of Two Appraisal-cum-Development Wells (Titas-32 and Titas-33) at Titas Gas Field," will be presented for approval at the upcoming Executive Committee of the National Economic Council (ECNEC) meeting on October 25. The meeting will be chaired by ECNEC Chairman and Prime Minister Tarique Rahman at the Bangladesh Secretariat.
Bangladesh Gas Fields Company Limited (BGFCL), a subsidiary of Petrobangla, will implement the project under the Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources. The project is scheduled to run from October 2026 to September 2029. Of the total estimated cost, Tk 414.40 crore will be financed by the government, while Tk 177.60 crore will come from the company's own funds.
Chairman of Petrobangla, Abdul Mannan, informed that the expected output from the two wells includes not only gas but also condensate, with the gas aiding in the reduction of LNG imports. The government's broader target is to drill 150 wells by 2031, followed by an additional 150 during 2031-2035, to further strengthen local gas production.
The proposal estimates that the wells could produce about 100.74 billion cubic feet of gas and 60,444 barrels of condensate over a decade. The value at existing wellhead prices is projected at Tk 339.07 crore, comprising Tk 285.26 crore for gas and Tk 53.81 crore for condensate. At consumer-level prices, the gas output value could reach Tk 6,523.97 crore.
BGFCL currently contributes around 480-485 million cubic feet of gas daily to the national grid, with the Titas Gas Field, its largest, providing about 330 million cubic feet daily from 23 wells. The drilling project is based on recommendations from a review of seismic survey data and aims to increase domestic production with the help of foreign contractors and consultants.
The Infrastructure Investment Facilitation Company (IIFC) conducted a feasibility study in 2026, and the Planning Commission highlighted the project's potential to support industrial development and save foreign exchange by curtailing LNG imports. The proposal, revised following a Project Evaluation Committee meeting on June 18, 2026, adjusted the estimated cost to Tk 592 crore, down from an initial Tk 632 crore.