Published Date:
08 September 2008
CAIRN Energy plans to invest nearly $9.5 million (£5.4m) to try to find more natural gas at Bangladesh's only offshore field at Sangu, which may be commercially exhausted by the end of next year, a senior energy official said yesterday.
A representative from state-owned Petrobangla said the Edinburgh company had submitted a proposal to extend production from the field until 2011. Cairn has invested about $1 billion in Bangladesh, including nearly $600m in Sangu.
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Last Updated:
07 September 2008 9:01 PM
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Source:
The Scotsman
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Location:
Edinburgh
