Chevron Extends Thai Gas Production

Oil major Chevron's Thai subsidiary - Chevron Thailand Exploration and Production, Ltd - has signed a deal with the Thai Government to extend production of four blocks in the Gulf of Thailand for ten years.

The extension of the leases from 2012 to 2022 is part of Chevron's long-term plans to boost production to more than one billion cubic feet of natural gas per day, says the company.

The offshore blocks encompass Erawan, Satun, Funan, Banpot, Plamuk, Yala, Pla Daeng and Platong operating areas in the Gulf of Thailand.

Chevron operates more than 180 platforms in the Gulf of Thailand with total average daily production for 2006 at more than 144,000 barrels of oil and condensate and 1.6 billion gross cubic feet of gas.

By staff writer