(Bloomberg) -- Chevron Corp., Thailand's biggest
natural gas supplier, said it plans to spend $8 billion to
extend offshore output should the government add 10 years to a
production license.
Chevron, the second-largest U.S. energy company, is
negotiating with the government to lengthen the initial
concession, now set to expire in 2012, Steve Green, managing
director of Chevron Asia South Ltd., said in an interview in
Bangkok. Platong-2, a $650 million field and processing facility
in the Gulf of Thailand that would produce 330 million cubic
feet of natural gas a day, is among the planned projects.
Read more at Bloomberg Energy News
natural gas supplier, said it plans to spend $8 billion to
extend offshore output should the government add 10 years to a
production license.
Chevron, the second-largest U.S. energy company, is
negotiating with the government to lengthen the initial
concession, now set to expire in 2012, Steve Green, managing
director of Chevron Asia South Ltd., said in an interview in
Bangkok. Platong-2, a $650 million field and processing facility
in the Gulf of Thailand that would produce 330 million cubic
feet of natural gas a day, is among the planned projects.
Read more at Bloomberg Energy News
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