Bakhrabad gas field IPO

BGFCL derives its origin from Pakistan Shell Oil Company, which was formed in Karachi, Pakistan on May 30, 1956. With emergence of Bangladesh and promulgation of Petroleum Act, 1974 the Government of Bangladesh (GOB) bought all the shares of the Pakistan Shell Oil Company with effect from August 09, 1975. The Company was renamed as Bangladesh Gas Fields Company Limited (BGFCL) on September 12, 1975. BGFCL is a corporate body registered under Company Act, 1913 (revised in 1994). It is a Company of Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) under the Ministry of Power, Energy & Mineral Resources, Government of the People’s Republic of Bangladesh. By an agreement dated March 22, 1976, GOB granted BGFCL the right to operate Titas and Habiganj Gas Fields. In 1985 Kamta Gas Field was placed under BGFCL for operation. Following GOB decision Feni & Bakhrabad Gas Fields were handed over to BGFCL in 1989. Likewise Narsingdi & Meghna Gas Fields were handed over to BGFCL in 1992. Feni Gas field was handed over to NIKO Resources (Bangladesh) Ltd. and BAPEX for operation as per order of Ministry of Energy and Mineral Resources. Consequently BGFCL now operates 6 (six) gas fields. Recently Sangu Production facility at Chillimpur, Chittagong (Sangu Plant) was handed over to BGFCL on 31.03.2014 as per GOB decision.
Bakhrabad gas field lies in the Muradnagar upazila under Comilla district some 40 km away to the east from capital city of Bangladesh, Dhaka. Like Titas & Habiganj fields Bakhrabad gas field was discovered by Pakistan Shell Oil Co. Ltd. in 1969. The Bakhrabad anticline, as defined by seismic, is a narrow, elongate almost symmetrical fold about 69 km long upto 10 km wide. Total recoverable gas reserves of this field re-estimated by Petrobangla is 1,387.00 billion cubic feet (BCF). Commercial gas production from this field was started in 1984 and till May 31, 2014 total 753.538 billion cubic feet or 54.32% percent of reserves has been recovered.
Total 9 (nine) wells have been drilled at 3 (three) nearby locations. Of these wells, 2(two) wells are vertical while remaining seven wells are of deviated type. After completion of all wells, maximum 210 million cubic feet of gas was produced daily from all wells of this field in 1992. In May 2014, average 36.98 million cubic feet of gas is produced daily from 5 producing wells of this field while production from other 3 wells remain suspended due to water loading in the production string. Produced gas is processed in 4 nos. Solid Desicant Silicagel type gas process plants and supplied to the transmission pipeline of Bakhrabad Gas System Ltd. (BGSL). Present condensate/gas ratio and water/gas ratio of this field are 0.578 and 26.93 bbl/million cubic feet respectively. Condensate produced at Bakhrabad & Meghna gas field of BGFCL and condensate from Salda, Semutung & Fenchuganj gas field of BAPEX and Bangura gas field of TULLOW are fractionated into MS (Petrol) and HSD (Diesel) in the fractionation plant of this field. The products are being sold to Meghna Petroleum Ltd. & Padma Oil Company Ltd.
With a view to increase the sales line pressure of Bakhrabad gas field, M/S. Gas Services International(S) Pte Ltd., Singapore are operating & maintaining Gas Booster compressors at Bakhrabad gas field on rental basis under contract with BGFCL. Sales gas pressure has been increased by the installed Booster Compressors.
BGFCL is a Company of Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) under the Ministry of Power, Energy & Mineral Resources (MPEMR). The Board of Directors comprising high officials from concerned Ministries/ Directorates, Petrobangla, sister Companies under Petrobangla and other organizations as nominated by the Government is the highest decision making body. Managing Director is the Chief Executive of the Company. Functions & responsibilities bestowed on the Managing Director are carried out through Eight divisions namely Operation, Planning & Development, Technical Services, Maintenance, Administration, Accounts & Finance, Compressor & Power Generation and Company Secretariat Division each headed by a General Manager. Each of the divisions has number of departments which are the individual functional units. Audit Department and the Dhaka Liaison Office are directly responsible to the Managing Director.




Mr. Nurul Absar
MANAGING DIRECTOR (cc)

Phone : 88 - 00851 - 53856
Fax : 88 - 00851 - 53856 (H.O.)
88 - 02 - 8753243-4 (Dhaka)
E-mail : mdbgfcl@bttb.net.bd
Website : www.bgfcl.org.bd

Head Office : Birashar,  Brahmanbaria, Bangladesh.
    Tel  :  PABX - 88-0851-58141, 58428, 59128
    Fax : 88-0851-59390, 58429, 58758
     
Liaison Office :
Petrocentre (14th floor)
3, Kawranbazar C/A
Dhaka-1215
    Tel  : 88-02-8189508
    Fax : 88-02-8189507
     
E-mail : info@bgfcl.org.bd

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