Chevron to Invest $3B in Thailand from 2011-2020

According to a report by Dow Jones Newswires, oil major Chevron is setting aside more than $3 billion from 2011 until 2020 to develop Thailand's oil and gas fields.

Chevron's total investment in Thailand through 2020 is expected to be more than $10 billion, in addition to an investment of some $7 billion in 2009, Tara Tiradnakorn, President of Chevron Thailand E&P Ltd, told reporters. Tiradnakorn also noted that Thailand is a significant area in which Chevron plans to invest over a long period of time. 

The country's largest oil and gas producer, Chevron's 2008 output averaged 210,000 barrels a day in Thailand, reports Dow Jones.

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