Chevron starts gas production at Thailand project
Chevron announced on Monday that its Thailand subsidiary has begun natural gas production from the Platong II project in the Gulf of Thailand. The $3.1 billion project is expected to ramp up production to 330 million cubic feet/ day.
The natural gas will feed growing demand for energy in Thailand, increasing the country’s domestic production by more than 10%, and boosting Chevron’s net natural gas production from the Gulf of Thailand by more than 20%.
The project is also expected to produce 18,000 bpd of natural gas liquids.
George Kirkland, vice chairman of Chevron, said: “Asia is becoming the center of global energy demand growth. Platong II is one of Chevron’s many developments in the region that will allow us to supply safe, reliable, and affordable energy to meet this need.”
Melody Meyer, president, Chevron Asia Pacific Exploration and Production Co., said: “Chevron’s commitment to providing energy to the Kingdom of Thailand has been unwavering.
“From the start-up of the first natural gas field in the Gulf of Thailand 30 years ago, to Platong II, Chevron has worked in close partnership with the Kingdom to develop the energy industry, building a foundation for energy security and long-term economic development.”
Chevron’s Thailand subsidiary is operator and holds a 69.9% interest in Platong II, with the remaining interest held by Mitsui Oil Exploration Co. (27.4%) and PTT Exploration and Production Public Co. (2.7%).
The development, located in shallow water 120 miles (200 kilometers) from Thailand’s southern coastline, is one of Southeast Asia’s largest offshore structures.
New facilities, which will be connected to the current processing infrastructure at the Platong Field, include a central processing platform, pipelines, four initial wellhead platforms, and living quarters for 200 people.
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