PetroBangla
Company Summary
Description
After the liberation of Bangladesh, exploration activities gathered pace both by the national and international companies. The part of OGDC that was in operation in Bangladesh was reorganized as Bangladesh Mineral Oil and Gas Corporation (Petrobangla) continued its exploration efforts while the Bangladesh Petroleum Act was enacted in 1974 to facilitate international participation under PSC. The offshore area of Bangladesh was divided in to 6 blocks, which were taken up by Ashland, ARCO, BODC (Japex), Union Oil, Canadian Superior Oil and Ina Naftaplin under production sharing contract. This phase of PSC ended with relinquishments by 1978. Since 1972 the operational mandate of Petrobangla have undergone modification several times. In 1974 oil import, refining and marketing was segregated under Bangladesh Petroleum Corporation, while the mineral operation, which was separate since 1972, was merged with oil and gas operation in 1985. Presently Bangladesh Oil Gas and Minerals Corporation short named Petrobangla operates oil and gas exploration, development, transmission, distribution and conversion together with development and marketing of minerals.
Website
http://www.petrobangla.org.bd/corp_history.phpOperational Regions
- Asia
Related Entities
Recent news
- 4/2/2024 - Bangladesh to Import 24... (subscriber access)
- 11/8/2023 - Petrobangla and... (subscriber access)
- 10/27/2023 - Bangladesh Approves... (subscriber access)
- 8/10/2023 - Bangladesh to Sign... (subscriber access)
- 6/20/2023 - Bangladesh's Third LNG... (subscriber access)