By an OGJ correspondent
BANGKOK, Apr. 1 -- Chevron Thailand let a contract to J. Ray McDermott SA to build a central production-processing platform, living quarters, and associated facilities for the Platong Gas II project, Gulf of Thailand.
The value of the engineering, procurement, construction, and installation contract was not disclosed.
However, executives said it represents a major part of the $3.1 billion investment required for developing the gas structure, which is about 200 km offshore.
Engineering for this project has commenced at J. Ray's Singapore office, and installation is expected by the end of 2010.
Platong Gas II's offshore facilities are designed to produce 420 MMcfd of gas.
The field is scheduled to come on stream in 2011 and to produce more than 330 MMcfd of gas, which will be piped to the Thai eastern coast for domestic consumption.
Chevron operates Platong Gas II in which it has a 69.8% share. Other stakeholders are Mitsui Oil Exploration Co. 27.4% and PTT Exploration & Production PLC 2.8%.
