Chevron has decided to expand its Bibiyana natural gas field in north west Bangladesh.
This plan includes an expansion of the gas plant to process increased natural gas volumes, more wells, and an enhanced gas liquids recovery unit. The project which is expected to boost Chevron’s total natural gas production in Bangladesh by more than 300 million cubic feet per day to 1.4 billion cubic feet per day will cost about $500 million.
George Kirkland, vice chairman, Chevron Corporation, said, “As the largest holder of natural gas resources in Asia-Pacific among our peers, this investment in Bangladesh further strengthens our regional portfolio of major gas projects and enhances our position as a leading supplier in the Asia Pacific region.”
Melody Meyer, president, Chevron Asia Pacific Exploration and Production, said, “Bibiyana is the largest producing gas field in Bangladesh and a leading example of how technology, investment, and expertise can assist countries to utilize domestic resources to secure reliable, cleaner-burning, and affordable sources of energy.”
Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide.