Chevron wins license for gas production in the Gulf of Thailand
Thailand’s government has granted Chevron, the U.S.-based global energy corporation, a license for petroleum exploration and production in the Gulf of Thailand as part of the Kingdom’s efforts to increase production and use of natural gas in its energy supplies.
Chevron was the only firm, aside from PTT Exploration and Production, Thailand’s own partially privatized state energy company, that was able to secure a license in this round of bidding to search for natural gas in the gulf. The company is gearing up to conduct a seismic survey to see if its block has potential for petroleum production, said Chevron (Thailand) President Chatit Huayhongtong.
Although supplies of natural…
