Bangladesh
Gas Fields Company Ltd. (BGFCL) is the largest natural gas producing
organization of Bangladesh. It is one of the largest industrial entities
actively involved in producing natural gas, conditioning the same to the
pipeline quality and then supplying to the gas transmission system. BGFCL now
meets around 38% of country's natural gas demand. It also meets a significant
portion of country's demand for liquid fuel by dealing out condensate (liquid
by-product of natural gas) into motor spirit (MS) & high speed diesel (HSD).
BGFCL pays a considerable amount to the National Exchequer every year.
BGFCL
now operates 6 (six) gas fields namely Titas, Habiganj, Bakhrabad, Narsingdi,
Meghna & Kamta. Of these 6 (six) gas fields, 5 (five) namely
Titas, Habiganj, Bakhrabad, Narsingdi & Meghna are producing gas
fields at present. Production from remaining 01 (one) gas field namely Kamta is
suspended due to excessive water production. In addition, another field namely
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,
Government of the People’s Republic of Bangladesh.
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 Ltd.
(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.
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