Chevron Thailand to Raise Natural Gas Production by End of 2011

Chevron Corp. subsidiary Chevron Thailand Exploration and Production Ltd. hopes its natural gas production would rise to 1.92 billion cubic feet a day by the end of 2011. Also, the company considers greater investment in the field to meet higher demand in the kingdom.

Following the Thai economic expansion, the current domestic natural gas demand has been increasing and the company studying the feasibility to invest more in exploring and producing petroleum in the country with concentration in the Gulf of Thailand, Chevron Thailand President Pairoj Kaweeyanun said.

In addition, Pairoj said the company's natural gas production in Thailand currently stands at 1.5 billion cubic feet a day, while about 130,000 barrels of condensate gas are produced daily.

The natural gas production, however, is expected to increase by 420 million cubic feet per day in the fourth quarter of 2011. As a result, the company’s total production capacity of natural gas is expected to reach 1.92 billion cubic feet per day at the end of this year, Pairoj added.

Source: Pattaya Mail