USD 63.773

+0.02

EUR 70.6286

+0.1

BRENT 60.81

-0.12

AI-92 42.35

0

AI-95 46.15

+0.01

AI-98 51.61

+0.01

Diesel 47.45

+0.01

21

Chevron Thailand to Boost Gas Supplies

Chevron Thailand Exploration and Production, Ltd. and its co-concessionaires today signed a Gas Sales Agreement

Chevron Thailand Exploration and Production, Ltd. and its co-concessionaires today signed a Gas Sales Agreement (GSA) with PTT Public Company Limited for blocks 10-13 in the Gulf of Thailand.

The agreement is expected to boost natural gas supplies from these blocks by 500 million cubic feet of natural gas per day (mmcf/d) or from a daily contract quantity of 740 million cubic feet mmcf/d in 2007 to 1,240 mmcf/d from 2012.

The offshore blocks represent nearly 50 percent of Chevron's current operating areas in the Pattani Basin and include Erawan, Satun, Funan, Baanpot, Jakrawan, Plamuk, Yala, Pla Daeng, Trat and Platong operating areas in the Gulf of Thailand. Chevron has working interests in the operating areas within these blocks ranging from 60 percent to 80 percent.