DHAKA: Bangladesh Bank (BB) yesterday released new notes of Taka 10, 20, 50 and 100 denominations in the market ahead…
Steve Wilson was appointed President of Chevron Bangladesh in June 2007. Prior to assuming this position, Wilson was General Manager of Commercial Development in Lagos, Nigeria, responsible for commercial activities on all Chevron’s West African projects. He was latterly Managing Director of Scandinavian operations in Norway & Denmark, and before that Vice President of Business Development in Latin America.
Wilson has thirty years line management experience in the oil & gas industry in the Middle East, Europe, West Africa, South America and Asia, involving technical & commercial aspects of the upstream business. He joined Chevron in 1985 as a Reservoir Engineer. Prior to working for Chevron he was employed by Schlumberger for five years.
Wilson is currently Vice President of the Foreign Investors Chamber of Commerce & Industry in Bangladesh (FICCI), an Executive Board Director of the American Chamber of Commerce in Bangladesh and an Advisory Board Member for the Asia University for Women. He was Chairman of the British Chamber of Commerce in Denmark, and was previously a board member of the American Chamber of Commerce in Norway. He is a former governor of Rossall School, and was a board member of the British School of Caracas during his time in Venezuela.
Wilson was educated at Rossall School, Fleetwood, and holds an MA (hons) in Chemical Engineering from Cambridge University, an MSc (com) in Petroleum Engineering from Imperial College, London, and an MBA in business studies from the City of London Business School.
A British citizen, Wilson was born on May 15th 1957 and is married with three children. He enjoys golf, skiing, photography and the Arts.
Bangladesh Highlights of Operations: Chevron is one of the largest foreign investors in Bangladesh, providing employment for about 2,700 workers and meeting around 45 percent of the country’s natural gas consumption.
The two-year startup of the Bibiyana Field demonstrated our ability to handle complex projects involving many technical, environmental and workforce challenges. To bring the field into production in 2007, Chevron recruited about 2,300 Bangladeshi workers to work on the project.
Chevron also produces natural gas from the Jalalabad and Moulavi Bazar fields. We are also working on an exploration program in Block 7 in southern Bangladesh.
Bangladesh Business Portfolio Exploration and Production: Chevron supports Bangladesh’s goal of maximizing the nation’s energy potential by actively investing in projects which deliver gas to Petrobangla, the national oil company. We have developed natural gas production from three fields: Jalalabad (1999), Moulavi Bazar (2005) and Bibiyana (2007).
In 2009, the government approved plans for a compression project at Muchai which is expected to support additional production from all producing fields in the North-Eastern part of the country, starting in 2012. Earlier in 2009, Chevron and Petrobangla partnered to improve performance of the national gas transmission line by installing a 750 meter spur line near Khadimpara which will be capable of supplying up to 70 MMCFD of gas to new power plants in Sylhet.
Producing Natural Gas in Jalalabad
Chevron operates the Jalalabad gas field in northeastern Bangladesh. The company has a 98 percent interest in the production-sharing contract covering the Jalalabad Field in Block 13. The processed natural gas is sold to Petrobangla. Condensate from the field is used to make products such as gasoline and diesel fuel.
Since its inception in 1999, Jalalabad has doubled its production to meet the growing energy demand in the country. The field is one of the most cost-effective sources of energy for Bangladesh.
In April 2010, Chevron Bangladesh signed an agreement with Petrobangla, granting 73 kilometers of additional area adjacent to the Jalalabad gas field. The land extension will enable Chevron to conduct a 3D seismic survey for exploration of gas.
Delivering Efficiently in Moulavi Bazar: Chevron produces natural gas from the Moulavi Bazar Field in Block 14 in northeastern Bangladesh. A production-sharing contract with Petrobangla provides Chevron with a 98 percent interest in the field.
Putting Innovation to Work in Bibiyana: In 2007, Chevron capped a major two-year development program by initiating production from the Bibiyana natural gas field in northeastern Bangladesh.
Discovered in 1998, the field is one of the most significant natural gas discoveries in Bangladesh in both quality and size of the reserve. Chevron signed a gas purchase and sales agreement with Petrobangla in 2004. We operate Bibiyana and hold a 98 percent interest in the production-sharing contract covering Block 12, where the field is located.
For the first time in Bangladesh, 3-D seismic and thin-bed imaging technologies were applied to determine reserves. Total development cost for the project, including 12 development wells, was approximately $270 million. The original development program included a gas processing plant with a capacity of 600 million cubic feet per day and a natural gas pipeline to connect the field to the national natural gas transmission grid.
An independent reserve re-determination conducted by DeGolyer and McNaughton in 2009 concluded that the field contains a much larger reserve than originally thought.
Exploring Block 7: The Block 7 project lies in the southwest region of Bangladesh. In 2009, the company collected seismic data on three onshore areas of interest within the block. Processing of that information is underway, and an exploration well is planned for late 2010/2011.
The Bangladesh Prime Minister recently approved Chevron Bangladesh’s assignation of half of its 90% stake in Block 7 to GS Caltex – a Korean conglomerate. This will see interests in the Block with Chevron at 45%, GS Caltex at 45% and BAPEX, the state-owned entity at 10%.
Bangladesh in the Community: Chevron Bangladesh is active in community development in our areas of operation through activities and programs which focus primarily on quality education, health care services, capacity building and safety training. We provide resources that help the people in these areas gain the skills needed to improve their standard of living while preserving their culture.
Chevron carries out most of these projects in partnership with leading nongovernmental organizations (NGOs). Employees also play key roles in reflecting the company’s values in community development by regularly participating in projects centered on livelihood development, health and sanitation, such as Habitat for Humanity’s house building projects, planting trees and donating blood.
Chevron currently supports:
An Alternative Livelihood program in the area of the Bibiyana and Moulavi Bazar gas fields, which provided 1,800 families with training and assets to help start new businesses.
Three Smiling Sun clinics, established to provide health care services to approximately 7,000 villagers per month near the Bibiyana and Moulavi Bazar gas fields.
A sanitation program which improves local health and hygiene conditions for 1,900 families near the Bibiyana and Moulavi Bazar gas fields.
The planting of 128,000 trees in greater Sylhet.
A five-year support program was launched for the Asian University for Women, attended by students from South and South East Asia and the Middle East; support includes scholarships and internships.
A Road Safety Awareness program which offers free driving training to non-Chevron local drivers. Relief and rehabilitation support for victims of Cyclones Sidr and Aila, which hit southern Bangladesh.
A skill training and employment generation program for women residing near Moulavi Bazar gas field.
Equipment support for Jalalabad Eye Hospital and infrastructural support for Jalalabad Disabled Hospital & Rehabilitation Center
Chevron was also involved in improving educational opportunities. In 2009, we provided additional teacher support at four schools, funded 590 scholarships for financially disadvantaged students, and supported a pre-primary program that serves 774 students in 26 schools. Other forms of educational assistance included an endowment fund, school uniforms, sports equipment and school furniture.
Bangladesh Record of Achievement: During 1998 and 1999, we drilled four exploratory wells and discovered two new gas fields, Bibiyana and Moulavi Bazar. A second successful exploration well in early 1999 confirmed that the Bibiyana Field held significant reserves. The Jalalabad Field went into production that same year.
In 2000, we signed a production-sharing contract for Block 7 with the government of Bangladesh. Two natural gas purchase and sales agreements were then signed with Petrobangla – one in 2003 for Moulavi Bazar and another in 2004 for Bibiyana.
In 2005, Moulavi Bazar began producing natural gas for Petrobangla’s network. Bibiyana became our largest producing field in Bangladesh when it came online in 2007.
Health, Environment and Safety
Chevron works with our partners in the government of Bangladesh and with Petrobangla to develop the country’s energy resources in a safe, environmentally responsible manner. To protect the environment, Chevron uses the latest technologies, and strict inspection procedures ensure safe operations.
Our staff in Bibiyana, Jalalabad and Moulavi Bazar has worked a total of 14.0 million man-hours without a single Day Away From Work (DAFW) incident.
The crew in Block 7 completed the acquisition of 2D seismic data with impressive safety figures of 2.5 million man-hours with no recordable incident; project vehicles drove almost a million kilometers without a single Motor Vehicle Crash (MVC).
Ensuring safety on roads has been a major focus. Since February 2007, our vehicles in Bangladesh have driven more than 11 million km without any recordable incidents.