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Oil & Gas

ConocoPhillips, Bangladesh Sign Bay of Bengal deal

June 16, 2011
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According to the Associated Press, Bangladesh has signed a production-sharing contract with American energy giant ConocoPhillips to explore for gas in the virtually unexplored deep waters of the Bay of Bengal. The deal is the Houston-based company''s first investment in Bangladesh. ConocoPhillips says it wants to start exploring two areas covering 1,992 square miles as soon as possible.

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