Pegasus Awarded Engineering Contract from BAPEX

Bangladesh Petroleum Exploration & Production Co. Ltd., a Petrobangla Company, has awarded Pegasus International (UK) Limited, the London based arm of Pegasus International Inc, Houston, the contract to undertake the engineering design and construction supervision services for the Shahbazpur and Fenchugonj Gas Processing Plants. Both the Shahbazpur and the Fenchugonj Gas Fields are being developed to increase the country’s production capacity to meet the growing demand for natural gas.

The Shahbazpur Gas Plant, located in the south – east of the country will have a capacity to process 40MMCF of gas per day while the Fenchugonj Gas Plant, located in the north-east of the country, will have the capacity to process 60MMCF of gas per day plus 100 BBL of condensate per day.

Pegasus International, who has carried out other gas development projects in Bangladesh, expressed their pleasure at being awarded these two contracts and reconfirmed continuing commitment in providing high quality technical assistance to Petrobangla and their associated companies in the development of Bangladesh’s Oil and Gas Resources.

The contracts were signed in Dhaka on 9th June 2002 and work will commence immediately in Dhaka and in Pegasus International Regional Office in Kuala Lumpur.