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

  • Purging Sihanoukville’s past with a new masterplan

    Amid illicit activities, haphazard development and abandoned projects, the coastal city of Sihanouk province needs a reset to move forward. A new masterplan might be the answer to shake off its seemingly mucky image to become the Shenzhen of the south Gun toting, shootouts, police

  • Chinese may be first in tourism revival: PM

    Cambodia's tourism industry is gearing up to roll out the red carpet for Chinese travellers after Prime Minister Hun Sen on September 17 indicated that the Kingdom could soon throw open its doors to international holidaymakers vaccinated against Covid-19 – starting with guests from China. Cambodia Chinese

  • Four-pillar approach in reopening of tourism: PM

    Cambodia is drawing up a four-strategy approach to promptly restore domestic and international tourism activity and put the industry on a transition pathway to a sustainable and inclusive model that is resistant to future crises, according to Prime Minister Hun Sen. The prime minister made

  • Airline says ready for green light to reopen international tourism

    Sky Angkor Airline Co Ltd on September 21 said it is ready to transport South Korean and Chinese tourists to the Kingdom once the Cambodian government makes good on plans to reopen its borders to vaccinated travellers. The Siem Reap-based airline made the remark during a

  • Tourism concerns laid bare

    To ensure the success of plans to reopen the tourism market for international visitors, Cambodia must pay utmost attention to two primary determinants – the ongoing paradigm shift in domestic tourism services towards the ‘new normal’, and the factors influencing choices of destinations among foreign holidaymakers.

  • Cambodian bride ‘badly treated, held captive’ by Chinese man seeks help

    A Cambodian woman who travelled to China to marry a Chinese man there was “badly treated” by her husband’s family and then had to be rescued and will be returned to Cambodia to ensure her safety. The rescue operation came about after the 25-year-old