Offshore staff
BANGKOK, Thailand — PTTEP has approved expenditure of $5,481 million next year for its E&P businesses.
This comprises $3,152 million allocated for capex and $2,329 million for opex, with funds targeted at maximizing production volumes, through exploration activities and developing and producing additional volumes from existing assets.
For key producing fields offshore Thailand, such as Erawan, Platong, Satun and Funan, Bongkot and Arthit, and producing projects offshore Malaysia, the overall capex budget is $2,655 million.
And the company plans activities to reduce emissions from producing assets, through carbon capture and storage, use of renewable energy, and emission offsetting, with capex of $53 million allocated to these activities.
Away from Thailand, PTTEP will look to accelerate activities for the development of the SK410B project off Sarawak and the offshore Mozambique Area 1 Project to achieve planned production startup timelines, with total capex of $322 million.
As for exploration, the company’s focus includes geological studies and the drilling of exploration and appraisal wells offshore Thailand and Malaysia.
12.14.2022
