Chevron Bangladesh

Abstract

Chevron is one of the world’s leading integrated energy companies. Chevron’s success is driven by its people and their commitment to get results the right way — by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. Chevron is involved in virtually every facet of the energy industry. Chevron explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide renewable energy and energy efficiency solutions. Chevron operates in more than 180 countries. It has 3 major businesses which are Upstream, Gas and Midstream & Downstream. Upstream is responsible for the exploration and production of oil and natural gas worldwide. Gas and Midstream (CGM) creates enterprise value through crude, natural gas and product trading, shipping, pipelines and power generation. Downstream & Chemicals (DS&C) refines and market fuels, lubricants and chemical additives. Mainly Downstream & Chemicals manages the refining, sales and marketing of fuels and lubricants to retail, commercial and industrial customers through its Manufacturing, Products, Lubricants and Oronite business units. Chevron Bangldesh not only brought a dynamic change in Bangladesh in case of Gas production but also brought the 134 years experience of producing energy, oil, gas worldwide. Currently Chevron is producing nearly 1150 MMscfd . They produce nearly 50% gas of total gas production of Bangladesh. . Chevron Bangladesh operates on Jalalabad, Moulavi Bazar and Bibiyan Gas field. Chevron, having invested nearly a US$ 1 billion, is one of the largest foreign investors in the energy sector of Bangladesh and supplies 45% of the country’s gas needs. Chevron operates in Bangladesh on the basis of PSC (Production Sharing Contract) signed between PetroBangla.