All the natural gas and condensate that Chevron produces in Bangladesh is sold to Bangladesh Oil, Gas & Mineral Corporation (Petrobangla), the national oil company. Through Chevron subsidiaries, the company operates three fields – Bibiyana, Jalalabad and Moulavi Bazar – under production-sharing contracts with the government of the People’s Republic of Bangladesh, represented by the Ministry of Energy and Mineral Resources, and with Petrobangla. In 2017, net daily production averaged 642 million cubic feet of natural gas and 4,000 barrels of condensate. Condensate is liquid hydrocarbon produced with natural gas.

In the third quarter of 2017, Chevron announced its intent to retain its assets in Bangladesh.

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Bibiyana

Bibiyana 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. The liquid recovery facility started up in 2015.

Jalalabad

Jalalabad Chevron operates the Jalalabad gas field in Block 13, which is currently the third highest gas producer in Bangladesh. Discovered in 1989, it went into production in 1999.

Moulavi Bazar

Moulavi Bazar Chevron produces natural gas from the Moulavi Bazar gas field in Block 14. It was discovered in 1999 and came on-line in 2005.