Chevron bypassed in Thailand asset chase

CHEVRON Corporation is “deeply disappointed” that it’s been passed over by the Thai government in favour of local player PTTEP to develop the Erawan and Bongkot fields in the Gulf of Thailand, a second loss this year for the supermajor after its earlier Indonesian loss of the Rokan field to Pertamina.

Chevron bypassed in Thailand asset chase Chevron bypassed in Thailand asset chase Chevron bypassed in Thailand asset chase Chevron bypassed in Thailand asset chase Chevron bypassed in Thailand asset chase
 
Wood Mackenzie noted a progressive retreat by supermajors from the Southeast Asian region since last year as they are increasingly replaced by national oil companies.