Chevron taps EMAS for Gulf of Thailand installation work

By Phaedra Friend Troy

US super-major Chevron (NYSE:CVX) has awarded EMAS an offshore installation contract in the Gulf of Thailand.

The operating brand for Ezra Holdings, EMAS will be installing several wellhead platforms and subsea pipelines in the waters offshore Thailand.

Installation work is scheduled to commence in early 2012 and last through 2014. Chevron could option for another two years, taking the offshore construction contract through 2016.

The contract takes the EMAS Asia Pacific order book to $600 million.

The leading oil and natural gas producer in Thailand, Chevron currently operates 13 blocks and holds working interest in another five blocks in the country. Chevron's production in 2010 averaged 145,000 barrels of oil and condensate and 1.9 billion cubic feet of natural gas a day in Thailand.

In addition to major development and production projects in the country, Chevron drilled four discoveries in the Gulf of Thailand in 2010, and the company has 11 operated exploratory wells planned for the region in 2011.

Chevron also operates a network of service stations in Thailand, and holds interest in a refinery and power plant in the country.



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