Chevron将在泰国裁员

Reuters on Monday cited a company official who said that the cuts would enable the company to keep doing business in the Southeast Asian country.

The San Ramon, California-based oil firm, Reuters writes, has plans to lay off 800 people this year, in order to cut costs at the time of low oil prices, with the aim to save as much as $500 million.

Offshore Energy Today has reached out to Chevron, seeking confirmation of the reports. We will update the article should we get a response.

In the Gulf of Thailand, Chevron has working interests in multiple offshore blocks. Operated interests are in the Pattani Basin, with ownership ranging from 35 percent to 80 percent.

According to Chevron’s 2015 annual report, its net average daily production in the country last year was 66,000 barrels of crude oil and condensate and 1.0 billion cubic feet of natural gas. The company says it supplies about 40 percent of the country’s natural gas demand.