Sunday, 27 November, 2022
E-paper

Chevron signs deal for drilling more wells at Bibiyana

Chevron signs deal for drilling more wells at Bibiyana

Popular News

As part of the government's collective efforts, Chevron Bangladesh will drill two more wells in the extended area of the Bibiyana gas field in phases.

To this end, the state-owned Petrobangla and Chevron Bangladesh today signed several agreements with the energy and mineral resources division to drill more wells at Bibiyana gas field.

Under the agreement, Chevron will drill BY-27 by 2023 and it has planned for BY-28 infield well in extended area, according to a Petrobangla statement.

The deals are Supplemental Agreement to the Block 12 Production Sharing Contract (PSC) for Bibiyana Flank Area Extension, amendment of Jalalabad Gas and Condensate Purchase and Sales Agreement and Amendment of Moulvibazar Condensate Purchase and Sales Agreement for Block 13 and 14, it said.

Energy division deputy secretary Morsheda Ferdous, Petrobangla secretary Ruchira Islam and Chevron, Bangladesh president Eric M Walker signed the agreements on behalf of their respective sides at a hotel in the city.

Petrobangla chairman Nazmul Ahsan witnessed the contract signing ceremony and said the main objective of Chevron's Bibiyana Flank Area Extension is to drill new wells there.

The Chevron has dug 26 wells at the Bibiyana gas field. It will begin drilling the BY-27 development well in 2023 in the extended area, he said.

Nazmul said that a significant amount of gas is expected to flow from the field.