A descriptive study of performance evaluation on PetroBangla

Abstract

With Socio-economic development of the Country demand for energy is rising very fast. Government is highly aware and active for increase of energy supply which is indispensible for continuation of country's progress. Petrobangla is responsible for overall corporate planning for the gas sector. The relevant specific companies implement most of the investment plans but the final decision and approval authority lies with Petrobangla. The national economic strategy and the role of energy sector embedded in it guide the corporate planning of Petrobangla. Over the last five years gas production has been increased by 895 million cubic feet daily by drilling/work over/production increased from 44 wells. Natural Gas is the most important source of energy in our country as it accounts for about 75% of the total commercial energy of the country. At present, about 37% of natural gas production is used as fuel for electricity generation. Overdependence on the natural gas must be reduced as the present reserve is not sufficient enough to support the country for long term economic growth. Overall, in long term, an intelligent mix of the different available energy sources can enable Bangladesh to ensure a sustainable economic growth of the country. Right conditions and framework at policy and regulatory level is a must.