Chevron seeks solution to Thai-Cambodia claim talks

BANGKOK, THAILAND: -- The US-based energy giant Chevron has called on Thailand and Cambodia to speed up negotiations over the two countries' long-awaited overlapping claims area (OCA).

While committed to its ongoing investments, the company said the OCA's rich resources would benefit economic development and energy security in both countries.

"Clearly, there's an opportunity for both countries to go in and see what's there and to use those resources for their mutual benefit. Energy security depends on [a country's] resources," said Joseph Geagea, managing director of Chevron Asia South Ltd.

"We are ready to take part in developing the area as soon as the resolution is made," said Mr Geagea, who is in charge of Chevron's upstream activities in six countries in South Asia.

Decades of border disputes between the two countries have delayed offshore exploration in the 27,000-square-kilometre area in the northern Gulf of Thailand, where multinational energy firms have been granted concessions.

continued at http://www.energycurrent.com/index.php?id=...p;storyid=18201

Chevron seeks solution to Thai-Cambodia claim talks

BANGKOK, THAILAND: -- The US-based energy giant Chevron has called on Thailand and Cambodia to speed up negotiations over the two countries' long-awaited overlapping claims area (OCA).

While committed to its ongoing investments, the company said the OCA's rich resources would benefit economic development and energy security in both countries.

"Clearly, there's an opportunity for both countries to go in and see what's there and to use those resources for their mutual benefit. Energy security depends on [a country's] resources," said Joseph Geagea, managing director of Chevron Asia South Ltd.

"We are ready to take part in developing the area as soon as the resolution is made," said Mr Geagea, who is in charge of Chevron's upstream activities in six countries in South Asia.

Decades of border disputes between the two countries have delayed offshore exploration in the 27,000-square-kilometre area in the northern Gulf of Thailand, where multinational energy firms have been granted concessions.

continued at http://www.energycurrent.com/index.php?id=...p;storyid=18201

Please hurry up i want the oil

This is between Thailand and Cambodia. American should just shut their big mouth on this matter. Have they not mess up enough on Iraqi's oil wealth.