Chevron signs two concessions off Thailand

Offshore staff

(Asia-Pacific) - Chevron has signed two offshore petroleum exploration concessions with the Department of Mineral Fuels.

Block G4/48, located in the Gulf of Thailand, covers 504 sq km close to Chevron's Tantawan and Plamuk fields.

It is wholly owned and operated by Chevron.

Block G9/48 covers 252 sq km and lies northeast of the Arthit field in the Gulf of Thailand.

Under the agreement, PTT Exploration and Production is the operator and holds an 84% interest in the block. Chevron holds the remaining 16%.

03/27/06