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Wednesday, July 23, 2008

[ALOCHONA] Re: Fast changing political scenario

Zoglul Husain writes:

 

 

It was thought that there was Saudi involvement in Nizami's release on bail in GATCO case. The US is probably trying to do some balancing act. Moriarty declared his 'three D' policy (Democracy, Development and Denial to terrorism)as soon as he was appointed ambassador to Bangladesh. India seems to be working on a different wave length. In London, Hasina had meetings with a brigadier of DGFI (who travelled from Bangladesh for the meeting), an Indian diplomat, H M Ershad, Syed Ashraful Islam, etc. may be to re-enact or re-stage the 1986-alliance, which is highly unlikely to be successful in the present circumstances. All the things the government tried have so far failed miserably. The economy is in ruins. Indian manoeuvres now stand totally exposed. 

In order to hold a free, fair, credible and acceptable election, the Government will have to develop understanding or make compromises with the political parties impartially. Pseudo-elections or conspiratorial elections will not be accepted. Also, direct military rule will not be accepted..    

About offshore gas block allocations, it is absolutely out of the remit or jurisdiction of the present caretaker or interim government. People must be consulted before the allocation, to make sure that the deals are not uneven and that the interest of Bangladesh has been protected. However, the daily 'Dinkal' reported  about allocations of offshore gas blocks to ConocoPhollips and Tullow.. I did a bit of internet-search on the two companies and I am forwarding to you the following information about the companies involved:   

1. News published in ConocoPhillips website:

Friday Jul 18 2008

Bangladesh picks ConocoPhillips, Tullow for offshore exploration

Bangladesh has selected US-based ConocoPhillips and Ireland's Tullow Oil to explore nine offshore blocks offered in the country's latest bid round launched in February this year. 

2. About ConocoPhillips: (This is how Conoco introduce themselves) 

ConocoPhillips uses its pioneering spirit to responsibly deliver energy to the world. This purpose transcends all of ConocoPhillips' operations. The company conducts its business to return maximum value to shareholders while utilizing a wealth of knowledge and resources from its employees and acting responsibly in all communities in which it operates.

As the third-largest integrated energy company in the United States, based on market capitalization, oil and natural gas reserves, the company understands its responsibility to deliver energy in a safe, environmentally and socially responsible manner. The company upholds this responsibility in its worldwide operations, where it is the fifth-largest refiner and the sixth-largest reserves holder of nongovernment-controlled companies. ConocoPhillips is known worldwide for its technological expertise in reservoir management and exploration, 3-D Seismic technology, high-grade petroleum coke upgrading and sulfur removal.

Approximately 32,800 ConocoPhillips employees work worldwide to consistently deliver top performance and value and to maintain the company's global market position. Employees' individual talents and strengths combine to create a diverse and silient workforce within ConocoPhillips.

With operations in nearly 40 countries, ConocoPhillips is committed to contributing to social, economic and environmental improvements in all the communities in which it operates. The company is currently funding numerous environmental, social, health and education programs around the world.

Headquartered in Houston, Texas, the company has assets of $183 billion. ConocoPhillips stock is listed on the New York Stock Exchange under the symbol "COP."

3. About the Chairman, President and Chief Executive: 

(Important US policy maker for oil-gas: Mr.James Mulva is a member of the National Petroleum Council, which is an oil and natural gas advisory committee to the US Secretary of Energy).

(From Wikipedia, the free encyclopedia)

James J. Mulva (born in 1946), is Chairman, President and Chief Executive Officer of ConocoPhillips. Mr. Mulva served as president and chief executive officer of ConocoPhillips from 2002 to 2004. Prior to that, he served as chairman and chief executive officer of Phillips Petroleum Company from 1999 to 2002. He had served as Phillips' president and chief operating officer since May 1994 and executive vice president since January 1994. He had been senior vice president in 1993 and chief financial officer since 1990, at which time he joined the company's management committee.
Mr. Mulva is a member of the National Petroleum Council, which is an oil and natural gas advisory committee to the US Secretary of Energy.
Mr. Mulva served as chairman of the American Petroleum Institute in 2005. He was named 2002 Petroleum Executive of the Year in recognition of the aggressive steps he took to grow and position Phillips Petroleum Company to compete in an increasingly difficult business environment.
Mr. Mulva earned his bachelor's and master's degrees in business administration from the University of Texas. Immediately after graduating, Mr. Mulva served as a U.S. Navy officer until beginning his career with Phillips in 1973.
Along with his wife, Miriam, Mr. Mulva has pledged $7 million towards the construction of a new library at St. Norbert College in De Pere, WI, the largest gift in the school's history; the library will be named in honor of the Mulvas.

 4. About Tullow: 

Tullow Oil plc is one of the largest independent oil and gas exploration companies in Europe. The Group has over 100 licences in 23 countries, with operations in Africa, Europe, South Asia and South America.  Tullow is headquartered in London and employs over 350 people world-wide. Current production is over 70,000 barrels of oil equivalent per day (boepd). In 2007 the Group drilled over 100 exploration, appraisal and development wells, which included multi-well campaigns in Ghana and Uganda. 

Present Chairman: Patrick Plunkett

5. Bangladesh Operations of Tullow:

Tullow first became involved in oil and gas exploration activities in Bangladesh in 1997 when it took a majority interest in the mainly offshore Blocks 17&18, in the Bay of Bengal. In 2001 the Company signed its first onshore licence, Block 9, which lies close to Dhaka city.

 

Tullow (30%) operates Block 9 with partners Niko Resources (60%) and BAPEX (10%), the state exploration and development company. A three well drilling programme carried out in 2003 and 2004 resulted in two gas discoveries, Bangora-1 and Lalmai-3.. The appraisal programme for these discoveries was completed in 2006.  Production from the Bangora-1 well commenced in May 2006. Additional production was added in 2007 from the Bangora-2 and Bangora-5 wells.  Commerciality was declared in December 2006 and the Field Development Plan was approved in May 2007. The next phase of development, which will increase production from the Bangora facility, is on track for completion later in 2008: this will increase daily production from 70 mmscfd to in excess of 100 mmscfd.

 

Tullow has a 32% interest in Blocks 17&18 which lie immediately south of the producing Sangu gas field. Since 1997 Tullow has conducted an extensive work programme, including the acquisition of offshore, transition zone and onshore seismic data. In December 2005, Tullow concluded a farm-out agreement with Total.  Approval for the assignment to Total and final ratification of a 3 year licence extension was received in March 2007.  Total took over the operatorship of the block in August 2007. Recent exploration activities include a bathymetry survey in 2007 and an offshore 3D seismic programme in March 2008.

 


--- On Tue, 7/22/08, Isha Khan <bd_mailer@yahoo.com> wrote:
From: Isha Khan <bd_mailer@yahoo.com>
Subject: Fast changing political scenario
To: dhakamails@yahoogroups.com, notun_bangladesh@yahoogroups.com, alochona@yahoogroups.com, zoglul@hotmail.co.uk, khabor@yahoogroups.com, rehman.mohammad@gmail.com, bdresearchers@yahoogroups.com
Date: Tuesday, July 22, 2008, 11:07 PM

Fast changing political scenario

http://www.daily-dinkal.com/details.php?nid=21606&pubdate=2008-07-22


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