BAPEX - Bangladesh Petroleum Exploration and Production Company Limited

What BAPEX - Bangladesh Petroleum Exploration and Production Company Limited does

BAPEX - Bangladesh Petroleum Exploration and Production Company Limited is a wholly state-owned petroleum exploration and production enterprise incorporated in 1989 and headquartered in Dhaka, Bangladesh. It operates as a subsidiary of Petrobangla (Bangladesh Oil, Gas and Mineral Corporation) under the policy direction and budget authority of the Ministry of Power, Energy and Mineral Resources, Government of the People's Republic of Bangladesh. BAPEX conducts geological and geophysical surveying, exploratory and development well drilling, and natural gas extraction and production across a portfolio of eight operational gas fields — Begumganj, Fenchuganj, Rupganj, Shahjahanpur, Srikail, Saldhandi, Semutang, and Shahbazpur-Sundalpur — with daily production reported at 107.0574 MMSCF as of mid-2026.

The company's core service stack spans the full upstream value chain: petroleum exploration services (subsurface analysis and exploratory drilling), well drilling operations (rig operations, directional drilling, workover, completion), and gas production operations (extraction and processing from BAPEX-owned fields). It also runs specialized technical services including wireline logging, oil-well cementation, drilling mud and completion chemicals supply, drill stem testing (DST) and slick line services, and 3D seismic data acquisition and processing. BAPEX owns and operates drilling rigs (IPS Cardwell, KTL rigs) and has active procurement programs across tendering categories visible on its e-GP portal. The company also maintains an Innovation Corner platform and D-Nothi digital document management as part of its internal digital infrastructure, plus annual MIS reports from 2014-2026 and annual reports from 2014-2025.

BAPEX's business model is structured as a government enterprise rather than a commercial entity. Revenue is not publicly disclosed; pricing for natural gas production is regulated by the Bangladesh government, and the company operates under government budget allocations and procurement processes. Its customer base is concentrated within the government energy sector — produced gas flows to power generation and industrial consumers via the Petrobangla-regulated distribution network. The company employs approximately 272 people and has no subsidiaries, no private equity involvement, no public listing, and no geographic footprint outside Bangladesh. There is no evidence of AI/ML capabilities, third-party software integrations, or commercial APIs.

Name

BAPEX - Bangladesh Petroleum Exploration and Production Company Limited

Legal name

Bangladesh Petroleum Exploration and Production Company Limited

Website

https://bapex.com.bd

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

BAPEX is Bangladesh's state-owned petroleum exploration and production company, operating eight domestic gas fields under Petrobangla and the Ministry of Power, Energy and Mineral Resources, producing approximately 107 MMSCF/day for government-regulated power generation and industrial supply.

Ownership category

akta.pro rank

Product category

Petroleum Exploration and Production

NAICS

Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)

akta.pro secondary industry

Oil & Gas Processing & LNG Facility Construction (IMAFADAB)

Keywords

• Natural gas exploration
• Petroleum production services
• Well drilling operations
• Seismic surveying services
• Oil and gas production

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Distribution channels1 record

Marketing channels2 records

Core offering

BAPEX is a state-owned petroleum exploration and production company that conducts geological and geophysical exploration, exploratory and development well drilling, and natural gas production across eight gas fields in Bangladesh (Begumganj, Fenchuganj, Rupganj, Shahjahanpur, Srikail, Saldhandi, Semutang, and Shahbazpur-Sundalpur). The company also provides specialized technical services including wireline logging, cementation, drilling mud and completion chemicals supply, DST/slick line services, and 3D seismic data processing.

Product overview

BAPEX (Bangladesh Petroleum Exploration and Production Company Limited) is a state-owned enterprise under Petrobangla engaged in petroleum and natural gas exploration, development, and production operations across Bangladesh. The company operates a portfolio of services centered on its core oil and gas business, comprising geological and geophysical exploration, exploratory and development well drilling, natural gas production from eight gas fields (Begumganj, Fenchuganj, Rupganj, Shahjahanpur, Srikail, Saldhandi, Semutang, and Shahbazpur-Sundalpur), and specialized technical services including wireline logging, cementation, mud and completion chemical supply, DST/slick line services, and 3D seismic data processing. Supporting its field operations, BAPEX maintains drilling rig assets (IPS Cardwell rig, KTL rigs) and publishes an annual MIS reporting system. The company also provides e-government services including D-Nothi document management, webmail, and an Innovation Corner platform. There is no evidence of a public or partner-facing API, AI/ML capabilities, or commercial product integrations with third-party software platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Petroleum Exploration Services
• Well Drilling Operations
• Gas Production Operations
• Gas Field Assets (Begumganj, Fenchuganj, Rupganj, Shahjahanpur, Srikail, Saldhandi, Semutang, Shahbazpur-Sundalpur)
• Rig Operations and Maintenance
• 3D Seismic Data Processing
• Wireline Logging Services
• Oil Well Cementation Services
• DST and Slick Line Services
• Mud and Completion Chemicals Supply

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Petrobangla (Bangladesh Oil, Gas and Mineral Corporation)coreOthersParent corporation under the Ministry of Power, Energy and Mineral Resources that oversees BAPEX operations and national petroleum sector activities
• Ministry of Power, Energy and Mineral ResourcescoreOthersThe governing ministry that provides policy direction, budget allocations, and regulatory oversight for BAPEX's petroleum exploration and production activities
• Bangladesh Government E-PortalminorOthersGovernment e-governance portal network providing citizen services and information dissemination through the national portal

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Oil and Natural Gas Corporation (ONGC): India's state-owned upstream E&P major that performs onshore and offshore exploration, drilling, and production under a similar national-mandate model, providing a broad incumbent benchmark for state-driven upstream operations.
• Oil India Limited: Indian state-owned upstream company focused on domestic hydrocarbon exploration and production, structurally comparable to BAPEX as a government-backed E&P operator prioritizing national energy security.
• CNOOC Limited: China's state-owned offshore and increasingly onshore E&P major, relevant as a broad incumbent benchmark for state-driven upstream operations at significantly greater scale than BAPEX.
• PTT Exploration and Production (PTTEP): Thailand's state-affiliated upstream operator with both domestic and international E&P activities, relevant as a comparable state-linked player focused on gas production in a regional Asian context.

Direct peers

• Bangladesh Gas Fields Company Limited (BGFCL): A sister company under Petrobangla that produces natural gas from Bangladesh gas fields, operating with the same upstream mandate and government ownership structure as BAPEX.
• Sylhet Gas Fields Limited (SGFL): Another Petrobangla subsidiary operating Sylhet-area gas fields in Bangladesh, with overlapping production, drilling, and gas-field-development activities directly comparable to BAPEX.

Regional players

• Petrovietnam (Vietnam Oil and Gas Group): Vietnam's state-owned oil and gas conglomerate with integrated upstream E&P operations, providing a comparable state-driven model for national hydrocarbon development in a similar emerging-market Asian context.
• Pakistan Petroleum Limited: Pakistan's state-affiliated upstream operator engaged in exploration and production of natural gas and crude oil, providing a regional comparison point for South Asian state-driven E&P businesses.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bangladesh-petroleum-exploration-&-production-company-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BAPEX - Bangladesh Petroleum Exploration and Production Company Limited