Chevron to speed Thai gas project

Chevron wants to move faster toward the startup of a $3.1-billion natural gas production project in the Gulf of Thailand, according to reports from Dow Jones.

The report says Chevron is pushing the timetable for Platong II, which is scheduled to process 420 MMcf/d at its peak. Chevron operates 14 blocks in the Gulf. New facilities will include a central processing platform, pipelines, and five initial wellhead platforms.

Chevron also has a nonoperated working interest in five blocks known collectively as the Arthit field. Total average daily production from all fields in 2009 was 140,000 b/d of oil and condensate, and 1.8 bcf of natural gas (794 million net).

In 2009, six wellhead platforms were installed and 270 development wells were drilled in owned and operated properties. For Arthit, two wellhead platforms were installed and 43 development wells were drilled in 2009.  

Chevron’s partners in Platong II are Mitsui Oil Exploration Co. Ltd. and Thailand’s state-owned PTT.