US supermajor Chevron has reached a conditional sale agreement for its three onshore gas-producing assets in Bangladesh, worth an estimated $2 billion, to Chinese investors.
Chevron’s stakes in onshore blocks 12, 13 and 14, home to the giant producing Bibiyana, Jalalabad and Moulavi Bazar fields, are being bought by Himalaya Energy.
The existing production sharing contracts for these blocks are due to expire in 2028.
