Chevron cancels sale of Bangladeshi units

Chevron Global Ventures Ltd. has canceled plans to sell its wholly owned indirect subsidiaries in Bangladesh to Himalaya Energy Co. Ltd. of China, according to press reports.

Chevron Global Ventures Ltd. has canceled plans to sell its wholly owned indirect subsidiaries in Bangladesh to Himalaya Energy Co. Ltd. of China, according to press reports.

Chevron disclosed its intention to sell the units last April (OGJ Online, Apr. 25, 2017).

The subsidiaries produced 720 MMcfd of natural gas and 3,000 b/d of condensate net to its interests in 2015 from Bibiyana, Jalalabad, and Moulavi Bazar fields in the northeastern part of the country.

More in General Interest