By OGJ editors
HOUSTON, Dec. 18 -- Chevron Corp.'s Thailand subsidiary and partners signed a gas sales agreement with PTT PCL for Blocks 10, 11, 12, and 13 in the Gulf of Thailand.
Chevron Thailand Exploration & Production Ltd., Mitsui Oil Exploration Ltd., and PTT Exploration & Production PCL, agreed to boost gas production from these blocks to 1.2 bcfd in 2012 from 740 MMcfd in 2007.
The offshore blocks include Erawan, Satun, Funan, Baanpot, Jakrawan, Plamuk, Yala, Pla Daeng, Trat, and Platong operating areas.
Chevron has working interests of 60-80% in the operating areas within these blocks (OGJ Online, Oct. 30, 2007).
The main increased supply source is a planned 330 MMcfd expansion of Platong field via gas from a new central processing platform and 170 MMcfd from existing platforms.
Chevron's gas production is used to produce one third of Thailand's total electric power, said Steven Green, Chevron Asia South Ltd. managing director and chief executive officer.
"This is expected to increase to 40% once peak production is achieved from 2012," Green said.