Chevron Announces First Gas From Bangladesh Bibiyana Expansion Project
October 28 2014 - 1:00AM
Business Wire
Project increases natural gas production
capacity
Chevron Corporation (NYSE:CVX) today announced that its
Bangladesh subsidiary has commenced natural gas production from the
Bibiyana Expansion Project in the northeastern part of the
country.
The 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. The project is expected to 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. In addition, the
project is expected to increase the company-operated natural gas
liquids production capacity by 4,000 barrels per day to 9,000
barrels per day. Chevron’s Bangladesh subsidiary has a 99 percent
working interest in Bibiyana.
“The Bibiyana expansion represents Chevron’s commitment to
developing new resources to meet energy demand in Asia,” said Jay
Johnson, senior vice president, Upstream, Chevron Corporation. “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.”
Melody Meyer, president, Chevron Asia Pacific Exploration and
Production, said, “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.”
Chevron is one of the world’s leading integrated energy
companies, with subsidiaries that conduct business worldwide. The
company is involved in virtually every facet of the energy
industry. Chevron explores for, produces and transports crude oil
and natural gas; refines, markets and distributes transportation
fuels and lubricants; manufactures and sells petrochemical
products; generates power and produces geothermal energy; and
develops the energy resources of the future, including biofuels.
Chevron is based in San Ramon, Calif. More information about
Chevron is available at www.chevron.com.
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Chevron CorporationBrad Haynes, +1 202-615-5753
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