P.M. BRIEFING : Unocal to Spend $2 Billion
From Times wire services
BANGKOK, Thailand —
Unocal Thailand said today that it plans to spend $2 billion over the next 10 years to develop offshore natural gas fields in the Gulf of Thailand.
A spokesman for the company, a unit of Unocal Corp. of the United States, said about $1.4 billion will be capital investment and the rest operating costs. Around $930 million of the total will be spent over the next five years.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
