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GS Caltex finds oil, natural gas in northern Thailand
Bangkok, Dec 4: GS Caltex Corp. announced yesterday it has detected a gas and oil reserve in its ground development project in northern Thailand.
The nation's second-largest oil refinery said the secured reserves are expected to produce 1,254 barrels of crude oil per day and 720,000 cubic meters of natural gas.
The company purchased a 30 percent stake in the exploration project from Siam Moeco Ltd. in July as part of efforts to secure crude oil supplies.
GS Caltex officials stressed......
