As one of the world’s leading integrated energy companies, Chevron is involved in virtually every aspect of the energy industry. The company believes that access to energy helps improve lives by driving human progress and enabling the benefits of modern society. That’s why affordable, reliable, ever-cleaner energy is essential to achieving a more prosperous and sustainable world.
In Bangladesh, Chevron Bangladesh Block Twelve, Ltd. and Chevron Bangladesh Blocks Thirteen and Fourteen, Ltd. (Chevron Bangladesh) play an important role in supporting the Government and Petrobangla in ensuring energy security for the country and assisting Bangladesh in its quest to emerge as a high-income country by 2041.
Chevron Bangladesh is the country’s largest natural gas and condensate producer, having produced an average of approximately 1.42 billion cubic feet per day to supply energy to Bangladesh since 2016. It operates three fields: Bibiyana, Jalalabad, and Moulavi Bazar, providing about 60% of total domestic natural gas production and over 80% of domestic condensate production.
Chevron Bangladesh has contributed more than 4.1 billion US dollars of foreign direct investment, including over $583 million US dollars in contracts with local suppliers and contractors during the last 13 years.
The company believes human ingenuity can solve any problem, overcome any obstacle, and deliver responsible solutions for all people.
Today, the company is focusing its people’s creativity and ingenuity on solutions that deliver lower-carbon energy to a growing world. More than 97% of Chevron Bangladesh’s employees are Bangladeshi nationals.
Chevron Bangladesh believes that the future is lower carbon. Chevron’s energy transition strategy is twofold. Globally, Chevron is investing in lower carbon to reduce the carbon intensity of our business and build new lower carbon energy businesses. The company is lowering the carbon intensity of its global operations, focusing on methane, flaring, and energy management. Chevron has established 2028 carbon intensity targets across its entire portfolio, resulting in a 35% reduction from the baseline in 2016.
In Bangladesh, Chevron is working to reduce the carbon intensity of its operations by assessing opportunities to undertake various lower-carbon projects. Around the world, Chevron also intends to grow lower carbon business lines in renewable fuels and products, hydrogen, carbon capture, utilization, storage, offsets, and emerging lower carbon opportunities.
Achieving the objectives of the Paris Agreement will require investments in technology and innovation, transformation in science and engineering, more ambitious government policy, and new partnerships and collaboration across the global energy system.
No company, industry, or country can meet the world’s energy and climate goals alone. In partnership with customers and stakeholders, the industry can play a major role in delivering progress today. With the people and Government of Bangladesh, Chevron Bangladesh looks forward to the nation’s energy future with optimism and confidence.
Eric M. Walker is the President and Managing Director of Chevron Bangladesh, based in Dhaka since
July 2020. In his role, Eric leads Chevron’s partnership with the Government of Bangladesh to
continue providing reliable and affordable energy to the people of Bangladesh. Eric is also a Senior
Vice President of Foreign Investors’ Chamber of Commerce and Industries (FICCI), Executive
Committee Member of the American Chamber of Commerce in Bangladesh and Board member of US-
Bangladesh Business Council.
