ConocoPhillips forges gas-drilling deal in Bangladesh

10/11/2010 | Reuters

Petrobangla and ConocoPhillips struck a preliminary agreement to explore natural gas in the Bay of Bengal in Bangladesh, pending a production-sharing contract, said Mohammad Hossain Monsur, chairman of Petrobangla. Once the contract is signed, the U.S.-based company can commence seismic surveys and drilling, Monsur added.

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