Southeast Asian Petroleum Exploration Society (SEAPEX) has launched its Bangladesh chapter at a colourful event in Dhaka.

The inauguration programme was held on Monday at Baridhara. The programme was opened by Michael Whibley, Seapex Committee Member and Asia Pacific Scoutcheck (APSC) Chairperson and Masud Khan, DMD Cosmos Group. Edwin Bowles, General Manager, KRISENERGY Bangladesh, amongst others were present there.

Singapore-based SEAPEX is a non-profit organization formed with an objective to promote petroleum and natural gas exploration, development, and production in Southeast Asia.

Every two years SEAPEX arranges a conference in Singapore which is one of the renowned and prestigious summits of oil and gas professionals in the Asia Pacific region.

This platform promotes new concepts and technologies for finding, developing, and producing hydrocarbons.

Moreover, the farmout session, which is an important integral part of this conference, allows investment opportunities for the industry stakeholders and govt. representatives.

Established in 1973 as a voluntary organization, SEAPEX has developed itself to have over 1,600 active members worldwide.

SEAPEX currently has over 600 worldwide Active, Life and Student Members. SEAPEX has a special arrangement for students and ASEAN citizens concerning membership fees.

SEAPEX is an Affiliate of the AAPG and as such is represented by up to three delegates from its ranks at the House of Delegates of the AAPG. SEAPEX also has an arrangement with AAPG Datapages which was put in place in 2015, and has close relationships with other societies including the PESGB and the EAGE.

SEAPEX comes to Bangladesh at a time when the government has taken initiative for updating the Model Production Sharing Contract (MPSC) to attract the International Oil Companies (IOCs) to participate in the next bidding round for Oil and Gas exploration in the country's offshore blocks soon.