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Petrobangla was founded in 1985 (Notification of Ordinance-21 in April 11 1985) by merging two government organizations Bangladesh Oil & Gas Corporation (BOGC) and Bangladesh Mineral Exploration and Development Corporation (BMEDC) into Bangladesh Oil, Gas and Mineral Corporation(BOGMC). [3]
Petrobangla accelerated exploration activities in 1980s and discovered nine major gas fields; and also established the first commercial oil facility in Haripur in 1986. [10] The Jalalabad, Maulvi Bazar, Bibiyana and Bangura -Lalmai gas fields were tapped in the 1990s by numerous multinational oil and gas companies, including Shell and Unocal .
Gas Transmission Company Limited was established on 14 December 1993 under the Companies Act of 1993, as a public limited company with an authorized capital of Tk.100 billion of 100,00,000.00 shares of Tk.1000 each.
Bangladesh Petroleum Exploration and Production Company Limited was established in 1989 by the Government of Bangladesh through dissolving the Exploration Directorate of Petrobangla. [3] In October 2017, Bangladesh Petroleum Exploration and Production Company Limited discovered gas in Bhola, Shahbazpur Gas Field. [4]
Petrobangla: Subsidiaries: Titas Gas Field, Habiganj Gas Field, Bakhrabad Gas Field, Narsingdi Gas Field, Meghna Gas Field, Kamta Gas Field, Sangu Gas Fields: Revenue: US$450 million (2016) Staff: 1390 (2016) Website: Bangladesh Gas Fields Company Limited
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Founded in 1976 by Presidential Ordinance to import and distribute crude oil, fuel, lubricating oil, and petroleum products in Bangladesh. [1] It is managed by the Ministry of Power, Energy and Mineral Resources.