Chevron Corp.’s subsidiary in Bangladesh commenced natural gas production from the onshore Bibiyana Expansion Project in the northeastern part of the country, the company reported Tuesday.
The expansion project will boost Chevron-operated natural gas production capacity in Bangladesh by more than 300 million cubic feet per day to 1.4 billion cubic feet per day, while the company-operated natural gas liquids production capacity will rise by 4,000 barrels per day to 9,000 barrels per day.
“The Bibiyana expansion represents Chevron’s commitment to developing new resources to meet energy demand in Asia … The expansion is one of a slate of projects across the region that will deliver on Chevron’s strategy to grow profitably in core areas,” Jay Johnson, senior vice president, Upstream, Chevron Corp. said in a press release.
Facilities for the Bibiyan Expansion Project included an expansion of the existing gas plant to process increased natural gas volumes from the Bibiyana field, additional development wells and an enhanced gas liquids recovery unit.
“As the leading international investor in Bangladesh, Chevron values its partnership with the people of Bangladesh in support of the nation’s energy security and long-term economic development. The Bibiyana Expansion Project is a further example of our commitment to invest for the long term and create value for our partners and the communities that we serve,” Melody Meyer, president, Chevron Asia Pacific Exploration and Production, added in the press statement.
In July 2012, Chevron revealed plans to spend around $500 million to raise production from Bangladesh’s largest gas field. The firm’s Bangladesh subsidiary has a 99 percent working interest in the Bibiyana development.