Unocal plans Thai investment

Wed, 08 Aug 2001 | Source: REUTERS

BANGKOK (Reuters): Unocal Thailand said on Tuesday it would invest 12 billion baht (US$264 million) on crude oil production in the Gulf of Thailand over the next six years.

"Unocal is trying its best to increase Thailand's energy self- sufficiency," its president Randy Howard said in a statement.

Unocal had been producing natural gas and condensate in the Gulf of Thailand since 1981 with current gas production average more than one billion cubic feet per day, and condensate more than 40,000 barrel per day.

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