Page 13 - AsianOil Week 17 2022

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PTTEP becomes operator of Erawan,

Bongkot gas fields, plans major work

INVESTMENT THAILAND’S PTT Exploration and Produc- The scope of work involves the installation of
tion (PTTEP) has taken over as the operator eight wellhead platforms and subsea pipeline
of two offshore gas and condensate fields in the installation, drilling 183 production wells. The
Gulf of Thailand. The company now holds 60% plan also includes the procurement of another
of the Erawan field and 100% of Bongkot as of two rigs for drilling a further 52 production
April 24, the start date of new production-shar- wells.
ing contracts (PSCs) for Blocks G1/61 and G2/61 As for G2/61, PTTEP said production The company
in which the fields are respectively located. would proceed in accordance with its work
Block G1/61, where Chevron was previously plan, which has set a production target of has previously
the operator, includes Erawan and also the Pla- 700 mmcf (19.8 mcm) per day. Besides this,
tong, Satun and Funan fields. The United Arab production rates in the Bongkot field and the announced that
Emirates’ (UAE) Mubadala Petroleum holds Arthit and MTJDA projects will be increased
40% of the G1/61 block. by 125 mmcf (3.54 mcm), 60 mmcf (1.7 mcm) it was planning
PTTEP said it is preparing to implement a and 30-50 mmcf (0.85-1.43 mcm) per day to invest roughly
work plan that will increase output from the two respectively. The action will be taken in order
fields. The current gas production rate in G1/61 to meet gas demand in Thailand while work $31.96bn in the
is 376mn cubic feet (10.06mn cubic metres) per on raising output capacity in the G1/61 block
day, the company said, adding that output would is underway. two blocks.
gradually decline at the field owing to a lack of “PTTEP has continually upheld and been
continuous development and drilling activity committed to execute our missions in strength-
prior to the transfer of operatorship. Output ening national energy security,” said PTTEP’s
will remain at around 250-300 mmcf (7.08-8.50 CEO, Montri Rawanchaikul. “By assuming the
mcm) per day. operatorship of these sizeable natural gas fields
The company has previously announced that of the country, which are vital sources of energy
it was planning to invest roughly $31.96bn in with combined production capacity of 1,500
the two blocks to maintain a combined output mmcf per day, or 60% of the nation’s gas supply,
of 1,500 mmcf (42.5 mcm) per day. we take pride in being Thailand’s energy com-
In April 2024, PTTEP will begin its plan to pany and strive to conduct our energy business
boost output to 800 mmcf (22.7 mcm) per day. for the country and all people the best we can.”™

Week 17 29•April•2022 www. NEWSBASE .com P13