Offshore staff
BANGKOK, Thailand – PTTEP is still waiting for permission from Chevron to access production facilities at the Erawan gas field in the Gulf of Thailand.
Although Chevron discovered and developed Erawan, one of the country’s main offshore gas production centers, the Thai government decided that PTTEP would assume operatorship from April 2022.
Chevron is understood to have been in a dispute with the government over negotiations concerning decommissioning liabilities.
PTTEP said in its latest results statement that even if it gains access to the site in the near future, Erawan appears unlikely to reach the production level in 2022 stipulated in the production-sharing contract.
However, the company has been taking steps to ensure efficient transition as possible, with a plan to partly source gas from other fields in the Gulf of Thailand to minimize the impact on the country’s energy supply.
PTTEP’s first half production was 413,168 boe/d, 20% up on the same period in 2020. Among the main factors were start-up of the Malaysia Block H project, and higher gas nomination from projects in the Gulf of Thailand.
The company plans to speed up development of oil and gas fields to support long-term growth following its Dokong-1, Sirung-1, Kulintang-1 and Lang Lebah discoveries offshore neighboring Malaysia.
08/04/2021
