Chevron Thailand Exploration and Production Co’s recently-appointed president Chatit Huayhongtong pledges to ensure a smooth transfer of its Erawan gas field, now facing a legal dispute, to new concessionaire PTT Exploration and Production (PTTEP).
The American multinational energy company last year resumed arbitration proceedings against the Department of Mineral Fuels in a bid to solve a dispute over who should pay for offshore asset removal under the production sharing contract model.
Chevron had earlier suspended the legal process to have more time to talk with the Energy Ministry on the issue.
Known as G1/61, Erawan, located in the Gulf of Thailand, is operated by Chevron, but its concession expires in April next…
