highlightsofoperations

highlights of operations

Through its subsidiaries, Chevron produces natural gas and condensate from three fields in the northeast of the country. To meet the country’s increasing demand for natural gas, we have increased production tenfold in the last decade.

Chevron Bangladesh has achieved a remarkable safety record while employing over 2,000 Bangladeshis. We work with communities across our operations, building long-term partnerships that foster social and economic development in the country.

businessportfolio

business portfolio

exploration and production

All the natural gas and condensate that 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 the Government of the People’s Republic of Bangladesh, represented by the Ministry of Energy and Mineral Resources, and Bangladesh, Oil, Gas & Mineral Corporation (Petrobangla). In 2015, net daily production averaged 720 million cubic feet of natural gas and 3,000 barrels of condensate. Condensate is liquid hydrocarbon produced with natural gas.

Putting innovation to work
Chevron operates the Bibiyana Field in Block 12. In 2014, we announced the start of production at the Bibiyana Expansion Project. The project includes two gas-processing trains, additional development wells and an enhanced liquids recovery facility and has a capacity of 300 million cubic feet of natural gas and 4,000 barrels of condensate per day. The liquid recovery facility started up in the first quarter of 2015.

inthecommunity

in the community

Chevron Bangladesh invests in activities and programs that focus primarily on economic development, education and health care, reaching nearly 37,000 people in Bangladesh.

improving livelihoods

Chevron started its livelihood improvement program in 2006 with 200 underprivileged families in Bibiyana. To increase family income, the program provided seed funds, organized villagers into self-help groups and offered skills training. Over the past decade, more than 3,700 families near our three fields have benefited through the creation of more than 2,400 new income-generating enterprises.

In 2014, Chevron Bangladesh announced the Bangladesh Partnership Initiative (BPI), a $10 million, five-year program to promote sustainable income growth among micro and small entrepreneurs and create employment opportunities near the three gas fields in the Sylhet, Habiganj and Moulavibazar districts.

In September 2015, under the banner of the BPI, Chevron announced a partnership with Brac, the world’s largest nongovernmental organization (NGO) to implement an 18-month enterprise development pilot. The program is expected to create 1,500 businesses. 

Also under the BPI, we signed a memorandum of understanding with the Asian Development Bank (ADB) in November 2015 to participate in the Government of Bangladesh’s nationwide Skills for Employment Investment Program (SEIP). Our contribution, through an implementing partner, will enable youths near our areas of operation to access vocational training programs in light engineering, construction and information technology.

Over the past few years, Chevron has actively worked with our host communities on a number of economic development activities in partnership with local NGOs. For example, it has promoted organic farming and improved agricultural practices to increase production of cash crops, fruits, vegetables, pond fish, etc. Its economic development activities have also included provision of skills-based training and job placement opportunities to more than 650 unemployed youths and women — most of whom were former workers released at the end of the Bibiyana Expansion Project. We also distributed 1,000 energy-efficient cooking stoves and 280 solar panels. 

creating educational opportunities

Chevron strives to improve the quality of and access to education for students in the areas where we operate. Our scholarship drive for high-achieving underprivileged students was launched in 2001, and the number of recipients has increased to more than 1,700 today. The scholarship program includes a teacher training component. We also support programs to improve children’s learning experiences in school.

In 2015, in partnership with Save the Children, we announced a three-year extension of the Non-Formal Primary Education program. After completing a school-readiness section, 1,800 out-of-school children in 60 one-room schools completed the first grade. In addition, 1,200 primary school students have benefited from after-school activities and remedial education. The project is set to include training for 120 teachers and parenting awareness services for 1,800 parents.

improving public health

From 2005 to 2008, Chevron established three community clinics near our Bibiyana and Moulavi Bazar fields. Those clinics have 86 satellite locations that also provide care. All are part of the nationwide Smiling Sun Franchise Program, which is sponsored by the U.S. Agency for International Development and operated by Pathfinder International, U.S. More than 100,000 health care services—including lab tests, vaccinations, counseling sessions and more—are provided every year.

being a good neighbor

Chevron employees are active members of the community. During the 2014–2015 fiscal year, nearly 800 employees donated blood during Chevron’s annual drive. The Bangladesh Red Crescent Society recognized Chevron as the largest corporate blood donor for 2013 and 2014.

Between 2007 and 2015, Chevron helped plant more than 133,000 saplings near its three fields.

Chevron has joined forces with Brac to launch a road-safety awareness program for the communities near the Bibiyana gas field and the city of Sylhet. To date, more than 800 drivers have received defensive driving training. Safety awareness training has been provided to 4,500 schoolchildren and more than 100 teachers at 25 schools in the Bibiyana area. 

recordofachievement

record of achievement

Chevron has developed three natural gas fields in Bangladesh. The Jalalabad Field was discovered in 1989 and went into production in 1999. The Moulavi Bazar Field was discovered in 1999 and came on line in 2005. The largest producing field in Bangladesh, the Bibiyana Field, was discovered in 1998 and came on line in 2007.

health, environment and safety

Chevron works in partnership with the government of Bangladesh and with Petrobangla, the national oil company, to develop the country’s energy resources in a safe, environmentally responsible manner. To protect the environment and maintain safe operations, Chevron uses the latest technologies and strict inspection procedures.

contactus

contact us

Chevron Bangladesh Block 12, Ltd.
Chevron Bangladesh Blocks 13 and 14, Ltd.

Dhaka Office
Telephone: +880.2.989.2244
+880.2.882.8891
Fax: +880.2.988.4398
Email: bdexaff@chevron.com

Sylhet Office
Telephone: +880.821.715390
Fax: +880.821.715362

disclosure;forward-lookingstatements

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Certain terms, such as "unrisked resources," "unrisked resource base," "recoverable resources," and "oil in place," among others, may be used to describe certain aspects of the company's portfolio and oil and gas properties beyond the proved reserves. For definitions of, and further information regarding, these and other terms, see the "Glossary of Energy and Financial Terms" on pages 50 and 51 of the company's 2015 Supplement to the Annual Report. As used in this report, the term "project" may describe new upstream development activity, including phases in a multiphase development, maintenance activities, certain existing assets, new investments in downstream and chemicals capacity, investment in emerging and sustainable energy activities, and certain other activities. All of these terms are used for convenience only and are not intended as a precise description of the term "project" as it relates to any specific government law or regulation. 

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