Offshore Industry in Bangladesh: Present Status and Future Prospect to Contribute for National Economy

Author: Farhana Arzu, Naveed Anjum, Md. Mahmudul Hassan
DOI: doi.org/10.70279/bmj-v7-i1-1052
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The blue economy concept has been an integral focus for the economic solvency of Bangladesh and has gained huge momentum since its inaugural journey into the
national foray around 2013. In the past few years the term "Maritime Economy" has become infamous in Bangladesh while formulating national economy policies and
became integral to the fiscal budgets and forecasts for global investment opportunities throughout the past decade. The deltaic nature, depositional history and sediment criterion, proclaims the existence of oil and gas resources in the deep offshore and adjacent areas. The emphasis on the oil and gas exploration is still lacking behind compared to the other leading countries in Asia at this sector. This article provides an in-depth look into the current state and possible development of offshore industry in Bangladesh while identifying the factors that are essentially to be addressed for ensuring contribution of the sector into national economy. and make the delta plan 2100 successful. In order to meet current electricity demand, offshore renewable energy sources can be a major alternative. The investment policies are to be updated and extensive research works are to be carried out in this sector to attract the major foreign investors in this field.

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Article Volume Volume 07
Article Issue Issue 1
Article DOI doi.org/10.70279/bmj-v7-i1-1052
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Article Slug offshore-industry-in-bangladesh-present-status-and-future-prospect-to-contribute-for-national-economy
Article Keyword Oil and gas extraction; Marine Renewable Energy; Offshore Industry
Article Entry Time 17:37:03
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