Logo of Phnom Penh Post newspaper Phnom Penh Post - Chevron set for new gas extraction in Gulf

Chevron set for new gas extraction in Gulf

Chevron set for new gas extraction in Gulf

Chevron Corp, the second-biggest United States oil company and operator of Cambodia’s off-shore Block A, may start producing natural gas at a new project in the Gulf of Thailand by the year-end, said Jim Blackwell, president for Asia-Pacific exploration and production.

The US$3.1 billion Platong Gas II will produce about 330 million cubic feet of gas a day, said Joseph Geagea, managing director for Thailand, Cambodia, Vietnam, Myanmar, Bangladesh and China.

That will boost Thailand’s gas output by more than 10 percent, he said at an event in Indonesia, to announce the completion of a gas-processing platform.

In 2009, Chevron produced 794 million cubic feet of gas a day in Thailand, about 27 percent of the country’s output, according to the company’s annual report.

The Platong Gas II project has an output capacity of 420 million cubic feet a day.

“The Platong gas project will significantly increase Thailand’s gas production to meet demand in the coming years,” said Norkun Sitthiphong, permanent secretary at Thailand’s Ministry of Energy.  Cambodia’s Chevron-operated block in the Gulf is generally thought to be the Kingdom’s first chance at producing oil, with the government aiming  for production to begin in 2012.

Last year, Prime Minister Hun Sen threatened to take away Chevron’s licence if the 2012 production deadline was not met.

MOST VIEWED

  • Stock photo agencies cash in on Khmer Rouge tragedy
    Stock-photo companies selling images from S-21 raises ethics concerns

    A woman with short-cropped hair stares directly into the camera, her head cocked slightly to the side. On her lap is a sleeping infant just barely in the frame. The woman was the wife of a Khmer Rouge officer who fell out of favour, and

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Prime Minister: Take back islands from inactive developers

    The government will “take back” land on roughly 30 islands from private companies that have not made progress on planned developments, Prime Minister Hun Sen said in a speech on Monday that also targeted land-grabbing villagers and idle provincial governors. Speaking at the inauguration of the

  • Land on capital’s riverfront is opened up for investment

    The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the