Project increases natural gas production capacity
SAN RAMON, Calif.--(BUSINESS WIRE)--Oct. 28, 2014--
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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Source: Chevron Corporation
Chevron Corporation
Brad Haynes, +1 202-615-5753
