Exploration and Production
All the natural gas and condensate Chevron produces in Bangladesh is sold to Petrobangla, the national oil company. Through Chevron subsidiaries, the company operates three fields—Bibiyana, Jalalabad and Moulavi Bazar—under production-sharing contracts signed with Petrobangla. In 2012, net daily production averaged 550 million cubic feet of natural gas and 2,000 barrels of condensate. Condensate is liquid hydrocarbon produced with natural gas.
In April 2012, Chevron launched the Muchai compression project, which supports additional production from the Bibiyana, Jalalabad and Moulavi Bazar natural gas fields.
Putting Innovation to Work in Bibiyana
Chevron operates the Bibiyana Field in Block 12. The field is one of the most significant natural gas discoveries in Bangladesh, in both quality and size of the reserve.
Chevron decided to move ahead with the Bibiyana expansion project in July 2012. The $500 million expansion project includes a gas plant expansion, new development wells and an enhanced liquids recovery unit. It is expected to increase the total maximum daily production by more than 300 million cubic feet of natural gas and 4,000 barrels of condensate. First production from the expansion project is expected in 2014.
Four development wells were drilled at Bibiyana in 2012, and more development drilling is planned for 2013 and 2014.
Producing Natural Gas from Jalalabad
Chevron operates the Jalalabad Field in Block 13, another top-producing gas field in Bangladesh.
We plan to complete a three-dimensional seismic survey of the Jalalabad Field in 2013 to assess the potential for additional development drilling.
Efficiently Delivering Energy from Moulavi Bazar
Chevron produces natural gas from the Moulavi Bazar Field in Block 14.
A 3-D seismic survey was conducted at the Moulavi Bazar Field in 2008. This survey supported the drilling of two new development wells, which were put into production in 2012.
Updated: April 2013
Cautionary Statement