Chevron Thailand Signs Gas Sales Agreement with PTT to Boost Gas Supplies in Gulf of Thailand
Chevron Thailand Exploration and Production, Ltd. has signed a Gas Sales Agreement with PTT Public Company Limited to increase natural gas supplies from blocks 10-13 in the Gulf of Thailand. The agreement will raise the supply from 740 million cubic feet per day to 1,240 million cubic feet per day starting in 2012.
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Chevron Thailand Exploration and Production, Ltd. and PTT Public Company Limited have signed a Gas Sales Agreement for blocks 10-13 in the Gulf of Thailand. This agreement is set to increase natural gas supplies by 500 million cubic feet per day, raising the daily contract quantity from 740 million cubic feet per day in 2007 to 1,240 million cubic feet per day starting in 2012. The offshore blocks encompass nearly 50 percent of Chevron's operational areas in the Pattani Basin, with working interests ranging from 60 to 80 percent across various sites.
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