Chevron Global Ventures Ltd., a wholly owned subsidiary of Chevron Corp., has reported its intention to sell the shares of its wholly owned indirect subsidiaries operating in Bangladesh to China’s Himalaya Energy Co. Ltd.
Through its Bangladeshi subsidiaries, Chevron serves as operator of Bibiyana field on Block 12, Jalalabad field on Block 13, and Moulavi Bazar field on Block 14.
Chevron produces natural gas and condensate from these three fields in the northeast of the country.
All the gas and condensate that Chevron produces in Bangladesh is sold to state oil concern Petrobangla. In 2015, net production averaged 720 MMcfd of gas and 3,000 b/d of condensate.
In late 2014, Chevron reported the start of production at the Bibiyana Expansion Project, which included two gas processing trains, additional development wells, and an enhanced liquids recovery facility (OGJ Online, Oct. 28, 2014). The project has a capacity of 300 MMdfd of gas and 4,000 b/d of condensate. The liquid recovery facility started up in first-quarter 2015.
Jalalabad field is currently the third-highest gas producer in Bangladesh. Discovered in 1989, it went into production in 1999 (OGJ, Mar. 29, 1999, p. 30).
Moulavi Bazar field was discovered in 1999 and came online in 2005 (OGJ Online, Mar. 22, 2005).
