BANGKOK -- Thailand's PTT Exploration and Production (PTTEP) is in the initial stages of an engineering plan for Phase 4 development of Bongkot field in the Gulf of Thailand.
Production from Bongkot South is expected to start in 2010, PTTEP says.
PTTEP contracted to supply its parent group, Petroleum Authority of Thailand (PTT), 550 MMcf/d of gas. Bongkot gas accounts for 19% of the total gas demand in Thailand.
PTTEP says a gas processing plant and a 63-km pipeline is being constructed at the onshore Phu Horm Project, in Udon Thani province.
About 79 MMscf/d of gas from the field, in which PTTEP has 20% stake, would be delivered to PTT by year end.
All five offshore projects in Myanmar are going planned, says PTTEP in an project update through the 2Q06.
PTTEP plans four more wells in Myanmar M7 & M9, following completion of Zatila-1 in block M9 in the Gulf of Martaban. The well encountered several petroleum bearing formations, the operator says, adding that a drill stem test is under way on Zatila-1.
PTTEP is evaluating the geological, geophysical, and seismic data for M3 & M4, and M11.
Both the Yadana and Yetagun projects in the Gulf of Martaban maintain production.
Yadana was producing 711 mmcf/d natural gas and Yetagun was producing 425 mmcf/d natural gas and 10,382 boe of condensate.
PTTEP is preparing to produce its first natural gas and oil from the Middle East.
It expedited installation of production facilities and gas pipelines in the Shams field in Oman 44. The field is scheduled to supply 40 MMcf/d natural gas and 3,400 b/d condensate to Oman's Ministry of Oil and Gas starting October 2006.