Petrobangla plans to expand Bangladesh’s gas exploration by deploying six contract-based rigs in addition to five operated by state-owned Bapex. The initiative aims to accelerate well drilling and increase domestic gas reserves amid declining local production. By 2028, Petrobangla targets drilling and overhauling 100 wells, with 11 rigs operating simultaneously across the country. The new rigs will be brought under turnkey contracts, where companies provide all equipment and services. Several wells, including in Titas, Sylhet, and Bhola, will be drilled by third-party contractors such as China’s CNPC and Sinopec. Petrobangla expects the new wells to add about 143 million cubic feet of gas per day to the national grid. Currently, Bangladesh’s daily demand stands at 3.8 billion cubic feet, while supply is just over 2.7 billion. To meet the shortfall, LNG imports have increased, though experts warn this is costly and risky for the economy. The government hopes the expanded drilling program will reduce dependence on imported gas.