Chevron mulls gas field stake sale amid concessions rejig
Chevron Corp is weighing a sale of a roughly US$500-million stake in its Thailand gas field even as the government moves to negotiate a better return from petroleum concessions held the US company and PTT Exploration & Production Plc. Chevron is seeking to divest some Asian assets to weather a global slump in energy prices, according to people familiar with the matter. The company is considering options for its 16% holding in the Arthit field in the Malay Basin, the people said, asking not to be identified as the details are private.
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