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Natural Gas Exploration

Chevron gets additional 60sqk flank area

  • Special Correspondent
  • 4 October, 2022 12:00 AM
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Chevron gets additional 60sqk flank area
Energy and Mineral Resources Division Deputy Secretary Morsheda Ferdous, Petrobangla Secretary (Senior General Manager) Ruchira Islam, and Chevron, Bangladesh President Eric M Walker sign an agreements at a city hotel on Sunday.

Bangladesh has allowed an additional 60 square kilometers of “flank” area to Chevron Bangladesh for expanding drilling activities of the country’s major gas field Bibiyana to increase natural gas output. 

The Energy and Mineral Resources Division (EMRD) and the state-owned Petrobangla signed separate agreements with the US company to drill more wells at the expanded Bibiyana gas field.

The deals include Supplemental Agreement to the Block 12 Production Sharing Contract for Bibiyana Flank Area Extension, Amendments of Jalalabad Gas and Condensate Purchase and Sales Agreement and Moulvibazar Condensate Purchase and Sales Agreement for Block 13 and 14.

Chevron Bangladesh will get an extension of another five years for Jalalabad (2034) and Moulvibazar (2038) Gas Fields. 

Energy and Mineral Resources Division Deputy Secretary Morsheda Ferdous, Petrobangla Secretary (Senior General Manager) Ruchira Islam, and Chevron, Bangladesh President Eric M Walker signed the agreements on behalf of their respectibe sides on Sunday.

Petrobangla Chairman Nazmul Ahsan said the main objective of Chevron's Bibiyana Flank Area Extension is to drill new wells there.

So far, Chevron has drilled 26 wells at the Bibiyana gas field. It will begin

drilling the BY-27 development well in 2023 in the extended area.

“Chevron also plans to drill the BY-28 infield well later,” Nazmul Ahsan said, adding that “a significant amount of gas is expected to flow from the field.”

“Chevron is expecting a new investment plan in the Surma basin where Bangladesh has found great prospects,” the Petrobangla chairman said.  

Bibiyana has a prospect to produce 2.5 trillion cubic feet of natural gas.

Chevron is now producing around 1481.3 million cubic feet of gas per day from three gas fields – Bibiyana, Jalalabad and Moulvibazar – about 60 percent of the country's total gas production.

It has also been producing more than 80 percent of the total condensate production.

The newly extended area will be drilled under the same production sharing contract now applicable for the three gas fields, said Petrobangla chairman.