Thailand: PTTEP Completes Greater Bongkot South Construction. Production Starts

Thailand’s PTTEP has completed the construction of Greater Bongkot South (GBS) as planned, and has begun the production and the testing of natural gas and condensate delivery since March 2012.

The company has currently produced and delivered natural gas to PTT Public Company Limited (PTT) at the rate of approximately 50 – 70 million standard cubic feet per day (MMSCFD) and condensate at the rate of approximately 3,000 – 4,000 barrels per day.

The company will continue to increase the natural gas production and the level of production is expected to reach 320 MMSCFD, which is the Daily Contract Quantity (DCQ) in accordance with the Gas Sales Agreement with PTT, within the second quarter of 2012.

PTT Exploration and Production Public Company Limited (PTTEP), is an operator and has a 44.4445% participation interest in the Bongkot Project, and the other partners, consisting of Total E&P Thailand and BG Asia Pacific Pte Limited with 33.3333% and 22.2222% interests respectively.

Sir Frank Chapman, BG Group Chief Executive, commented : “The start up of Greater Bongkot South was delivered to schedule and within budget. It will increase production capacity for BG Group in Thailand by 50% and will provide material new gas volumes for sale into a growing market. Once plateau production is achieved, Greater Bongkot South will deliver some 14 000 barrels of oil equivalent per day net to BG Group. This development forms part of our portfolio of named projects and discovered resources that keep us on track to deliver our 6% to 8% production growth range by the end of the decade.”

GBS is a major natural gas field in the Gulf of Thailand. It is located in Navamindra Petroleum Area, about 203 kilometers off the coast of Songkhla province. It consists of Central Processing Platform, Living Quarter Platform and 13 Wellhead Platforms.

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Offshore Energy Today Staff, April 23, 2012; Image: Total