Chevron, Apico Get Thai Oil, Gas Concession

Thailand’s Petroleum Committee has awarded two energy concessions to Apico (Korat) Company Limited and Chevron Thailand Exploration and Production Limited.

Dong Mun field awarded to Apico covers an area of 31.91 square kilometers, with expected gas reserve of 96 billion cubic feet. The field is scheduled to begin production in 2015 and is anticipated to produce about 14 million cubic feet of natural gas per day.

The second field is the 118.1-square-kilometer West Pakarang field of Chevron Thailand Exploration and Production Limited, which is expected to have the gas reserve of 100 billion cubic feet and the crude reserve of 8.97 million barrels, with production to start in 2015 as well.

The field is projected to pump the maximum amount of 4,300 barrels of crude per day and 59 million cubic feet of natural gas per day.