Chevron

Editorial staff

Chevron is awarded a production sharing contract (PSC) for ‘G2/65’

Chevron Offshore (Thailand) Limited (COTL), is pleased by today’s announcement by the Energy Ministry's Department of Mineral Fuels (DMF) that the Company is selected to be the successful bidder of the G2/65 block under a Production Sharing Contract (PSC).

Last year, Thailand's Minister of Energy made an announcement inviting interested companies to apply for the right to be a Production Sharing Contractor for petroleum exploration and production blocks in the Gulf of Thailand (24th bidding round), which COTL submitted a bid for Block G2/65 in the Gulf of Thailand. Following the winner announcement, a signing ceremony for a Production Sharing Contract will be held between Minister of Energy and a successful bidder.

Ronnarong Chanleka, director, COTL, said that “Chevron Offshore (Thailand) Limited is pleased to gain the government’s trust to be a Production Sharing Contractor of Block G2/65. By taking part in this bidding reflects our commitment to continue our mission to provide safe, reliable, and ever cleaner energy to strengthen Thailand’s energy security as well as drive the country’s long-term economic growth and social prosperity as we have been doing for more than six decades.”

Ronnarong Chanleka, director, COTL

“With our deep knowledge of the Gulf of Thailand, access to cutting-edge technology and best practices from across our global operations, we are well positioned to develop petroleum from Block G2/65 to further strengthen the nation’s energy security as we advance towards net zero by 2050.” Said Mr Ronnarong