Oil, Gas and Natural Resources

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Oil, Gas and Natural Resources

The abundance of natural resources, Bangladesh Oil & Gas Industry is at its peak. But considering the scarcity that might come in future Oil & Gas sector needs to adapt accordance to the global standards quickly. But in order to achieve that the sector is facing lots of challenges. The biggest challenge is the finding of source. The industry in a continuous find of new sources but proves to be extremely hard to access and we call this as 3D effect. Another challenge in this industry is handling government pressure. Apart from that companies in this industry faces a lot of issues in handling investment and mainly attracting investments either from any Private Sectors or Government and they need to tackle it accordingly. Another priority in this sector is the dealing with lots of risks and improvement of safety standards. The biggest worry above all is the lack of technology. Technology driven finding and exploring of gas and oil fields are one of the main priorities in this sector.