Bangladesh Petroleum Exploration and Production Company Limited
Bangladesh Petroleum Exploration & Production Commpany Limited (BAPEX) is an Exploration and Production Company, fully owned by the Government of Bangladesh having its Head Office in Dhaka. It is operating as a Company under Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) of the Ministry of Energy & Mineral Resources.
BAPEX, before emerging as a Company in June, 1989, was an integral part of Petrobangla as Exploration Directorate. Consequently BAPEX inherited vast experience from Oil & Gas Development Corporation of Pakistan (1962-1971) and Petrobangla (1972-1989).
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In order to accelerate oil and gas exploration activities, BAPEX emerged as an oil and gas exploration company in July 1989 as per government decision. Initially, the operational expenditure of BAPEX was met from the margin imposed on the gas sale proceeds of the gas distribution companies of Petrobangla. Subsequently, on 29th February 2000 BAPEX was transformed into an exploration and production company with a view to making it self-reliant. As a result of the growth of its operational activities, at present, besides exploration and drilling activities in its own blocks, BAPEX is producing and supplying gas to the national grid from its own gas fields.
4 Kawran Bazar