Chevron starts drilling in Bibiyana gas field's expanded area

 

Chevron begins drilling in an expanded area of ​​the Bibiyana gas field

Dhaka, September 4 – US oil major Chevron, operator of the country's largest gas field in Bibijana, has started production in an expanded area of ​​the field. According to Chevron Bangladesh, a subsidiary of the US company, it started drilling in well No. 27 on August 23 and will take about 2.5-3 months to complete. Chevron Bangladesh signed several agreements in October 2022 with the Energy and Mineral Resources Division as well as state-owned Petrobangla to drill more wells in the expanded Bibiyana gas field. Also read: Searching for gas: Chevron plans to drill in April in an area adjacent to Bibiyana

These were supplemental agreements to the Block 12 Production Sharing Agreement for the Bibiyana expansion, an amendment to the Jalalabad Gas and Condensate Purchase and Sale Agreement, and an amendment to the Moulvibazar Condensate Purchase and Sale Agreement for Blocks 13 and 14. Petrobangla officials said during the signing of the agreement , that the main objective of Chevron's Bibiyana Flank Area Extension is to drill new wells here.

Chevron has so far drilled 26 wells in the Bibiyana gas field. In 2023, development well BY-27 will start drilling in the expanded area. "The multinational energy corporation is also planning to drill the BY-28 internal well at a later date," said a top Petrobangla official, adding that significant gas is expected to flow from the field.

Also read: Chevron receives approval for extension to Bibiyana

Regarding the new drilling plan, Chevron Bangladesh said it is working with Petrobangla and the government to provide the country with safe, reliable, cheap and increasingly clean energy and to look for the opportunities of tomorrow. Chevron produces more than 50% of Bangladesh's total energy demand from domestic natural gas.

"As the largest production field in Bangladesh, the Bibiyana gas field is a great success for the nation. The BY-27 drilling program is a vital project for Bangladesh's long-term energy security, which could lead to an overall increase in Bangladesh's natural gas production," the US company said.

Meanwhile, Chevron Bangladesh organized a session titled "Geology for non-geologists" for energy reporters at its Dhaka office on Monday. Also Read: Chevron to increase gas production by 100 MMCFD from Bibiyana from early April

Opening the session, Eric M. Walker, President and  of Chevron Bangladesh said: “Chevron Bangladesh is entering a new era in Bangladesh as we look to build on our current partnership with the government and Petrobangla to unlock additional gas supplies from existing facilities using technology world-class capabilities of Chevron.” He mentioned that Chevron Bangladesh values ​​its long-standing relationship with Petrobangla and the government.

"We are committed to working with the government to help achieve the national energy goals and ensure that Chevron Bangladesh is our partner of choice," he added. He said Chevron plays a key role in Bangladesh's energy security and has been a reliable partner and trusted investor in Bangladesh for more than 28 years.

Members of the Forum for Energy Reporters Bangladesh (FERB) attended a session that focused on the basics of geology. The keynote speaker for the session was Patrick Condon, Director of Asset Development, Chevron Bangladesh. He provided an in-depth knowledge of geology in the oil and gas industry and detailed the tools, techniques and studies used by geologists in oil and gas exploration.

Muhammad Imrul Kabir, Director Corporate Affairs, Chevron Bangladesh and Shaikh Jahidur Rahman, Communications Manager, Chevron Bangladesh were other notable participants in the session. Published by HT Digital Content Services with permission from United News of Bangladesh

Chevron, a global energy leader, has recently embarked on an exciting new venture that promises to strengthen its energy portfolio and make a significant contribution to Bangladesh's energy security. With a view to expanding its gas production operations, Chevron has started production in the expanded area of ​​the Bibiyana gas field. This strategic move underscores Chevron's commitment to sustainable energy development while meeting growing demand for natural gas in the region.

Bibiyana Gas Field: A Vital Energy Source

Located in the northeastern Sylhet region of Bangladesh, the Bibiyana gas field has long been a key part of the country's energy landscape. It plays a key role in addressing the growing demand for natural gas, which is used for power generation, industrial processes and domestic consumption.

Expanding horizons:

Chevron, through its subsidiary Chevron Bangladesh Block Twelve Limited, has secured the extension of its production sharing agreement with Petrobangla, the state-owned oil and gas company in Bangladesh. This expansion allowed Chevron to expand its operations into new areas of the Bibiyana gas field, ultimately leading to an increase in gas production capacity.

 Chevron, drilling, Bibiyana gas field, extended area, energy development, natural gas, Bangladesh, Petrobangla, production sharing agreement. Increased energy security: Chevron's expansion in the Bibiyana gas field will help ensure a stable supply of natural gas, a vital resource for meeting the energy needs of industry and households across Bangladesh.

Economic growth: Increased gas production translates into economic growth by attracting investment in various sectors, creating jobs and promoting industrial development. Clean energy source: Natural gas is considered a cleaner alternative to other fossil fuels, making it an essential resource in reducing greenhouse gas emissions and fighting climate change.

Foreign Direct Investment (FDI): Chevron's continued commitment to Bangladesh's energy sector serves as an attractive proposition for foreign investors, which can lead to further economic growth and infrastructure development. Technological Advances: Chevron's expertise and investment in drilling technology can lead to the development of new drilling techniques and increase operational efficiency and set new industry standards.

Chevron's decision to begin production in the expanded area of ​​the Bibiyana gas field is a significant milestone on Bangladesh's path to energy sustainability. This move not only reinforces Chevron's commitment to the region, but also paves the way for continued economic growth, energy security and environmental sustainability. As Chevron continues to invest in this vital sector, Bangladesh can look forward to a brighter and more prosperous energy future. Chevron, drilling, Bibiyana gas field, extended area, energy security, economic growth, clean energy, foreign direct investment, technological progress.

By expanding its operations at the Bibiyana gas field, Chevron is contributing to the country's energy security and economic prosperity while adapting to global efforts to transition to cleaner energy sources. This strategic move underscores Chevron's commitment to sustainable energy development and positions it as a valuable partner in Bangladesh's journey to energy self-sufficiency.