Production Pcl News

Thailand's first tropical storm in three decades, packing winds of up to 80 kph (50 mph), is expected to make landfall on Friday evening, sending thousands of people flocking to shelter inland and shutting down a major airport.The winds accompanying tropical storm Pabuk churned up high waves and gusts in the Gulf of Thailand, ahead of its arrival in the southern province of Nakhon Si Thammarat.Weather officials warned of torrential downpours and strong winds in 15 provinces in the Thai south…

Japanese trading house Mitsui & Co. (8031.TO) said that a subsidiary, Mitsui Oil Exploration Co., has agreed to extend for 10 years the contract on its rights and interests in offshore oil and gas blocks in Thailand, according to a Dow Jones report. The Tokyo-based company said the unit, Chevron Corp. (CVX) and PTT Exploration & Production PCL (PTTEP.TH) have reached an agreement extending the accord, which was due to expire in April 2012, to April 2022. [Source: Dow Jones]