Chevron to raise its gas production capacity

0
1021

BANGKOK, 14 June 2011 – Chevron Thailand Exploration and Production Ltd expects its natural gas production would rise to 1.92 billion cubic feet a day by the end of 2011 and is considering greater investment in the field to meet higher demand in the kingdom. 

Chevron Thailand Exploration and Production Ltd President Pairoj Kaweeyanun said the current domestic natural gas demand has been increasing in line with the Thai economic expansion, so the company is studying the feasibility to invest more in exploring and producing petroleum in the country with concentration in the Gulf of Thailand.

Mr Pairoj reported that the company’s natural gas production in Thailand currently stands at 1.5 billion cubic feet a day while about 130,000 barrels of condensate gas are produced daily; however, the natural gas production is likely to increase by 420 million cubic feet per day in the fourth quarter of this year.

As a result, the president expected that the total production capacity of natural gas would reach 1.92 billion cubic feet per day at the end of this year, accounting for one-third of the domestic demand for the product.