| Summary: | Bangladesh, which constitutes one of the largest deltas of the world, has proved its hydrocarbon potentiality through discovery of 22 gas fields during the course of drilling only 65 wells over a period of last 90 sporadic years of exploration. Exploration activities in Bangladesh are divided in three phases. Phase I (1910-1933), Phase II (1951-1971) and Phase III (1971-2004). The method and intensity of exploration activity changed with the change in regime, technology, economic system and political environment. In phase-III, the Bangladesh Government undertook different strategies under different long-term plans. International Oil Companies (IOCs) have joined in exploration activities under PSC from 1993.
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