press release partnership
In October 2022, Chevron Bangladesh signed several agreements with the Energy and Mineral Resources Division and Petrobangla to drill new wells at the expanded Bibiyana gas field. The deals are Supplemental Agreement to the Block 12 Production Sharing Contract for Bibiyana Flank Area Extension, amendment of Jalalabad Gas and Condensate Purchase (GPSA) and Sales Agreement and Amendment of Moulvibazar Condensate Purchase and Sales Agreement (CPSA) for Block 13 and 14.
The government has also approved Chevron's proposal to allow it to add additional "flank" area outside its existing contract zone in the Bibiyana gas field. The newly extended area will be drilled under the same production-sharing contract now applicable for the three gas fields, said the Energy and Mineral Resources Division officials.