Offshore staff
BANGKOK -- Chevron Thailand Exploration and Production has signed a gas sales agreement with PTT Public Co. (PTT) for blocks 10-13 in the Gulf of Thailand. The agreement is expected to boost natural gas supplies from these blocks by 500 MMcf/d (14 MMcm/d).
The offshore blocks represent nearly 50% of Chevron's current operating areas in the Pattani basin and include Erawan, Satun, Funan, Baanpot, Jakrawan, Plamuk, Yala, Pla Daeng, Trat, and Platong operating areas in the Gulf of Thailand. Chevron has working interests in the operating areas within these blocks ranging from 60% to 80%.
"Natural gas is one of the fastest growing segments of Chevron's portfolio," says Steve Green, MD and CEO of Chevron Asia South. "Chevron's natural gas production is currently used to produce approximately one-third of Thailand's total electricity demand and this is expected to increase to 40% once peak production is achieved from 2012."
The main source of this increased supply is a planned 330 MMcf/d (9.3 MMcm/d) expansion of the Platong field, including a new central processing platform, and an additional 170 MMcf/d (4.8 MMcm/d) from existing platforms.
12/17/2007
