Offshore staff
BANGKOK -- PTT Exploration and Production Public Co. (PTTEP) has announced that its estimated capital expenditure and operating expenditure from 2008 to 2012 will be approximately $9.5 billion.
The company plans to undertake the following projects during that time:
Production
1. Bongkot Project (44% share)
- Expected natural gas is 552 MMcf/d.
- Capital expenditure is for the construction of eight wellhead platforms, drilling of 27 development wells, two exploration wells and two appraisal wells.
2. S1 Project (100%)
- Expected crude oil is 19,263 b/d.
- Capital expenditure is for the preparation of production area, construction of pipeline, drilling of 43 development wells, and four exploration wells.
3. Pailin Project (45%)
- Expected natural gas is 386 MMcf/d.
- Capital expenditure is for the drilling of 67 development wells, nine appraisal wells, and the construction of platforms and pipelines.
4. B8/32 & 9A (25%)
- Expected crude oil is 44,987 b/d.
- Capital expenditure is for the drilling of 56 development wells, two exploration wells, and the construction of production platforms and pipeline.
5. Oman 44 (100%)
- Expected natural gas is 54 MMcf/d and
- Expected condensate is 4,262 b/d.
- Capital expenditure is for the drilling of two development wells, three exploration and appraisal wells, and construction of pipelines.
Development
1. MTJDA Project (50%)
- Gas production is scheduled for the second half of 2009.
- Total expected production rate is 270 MMcf/d and will increase to 335 MMcf/d in 2010.
- Capital expenditure is for the construction of production platform, living quarter platform, wellhead platforms, and drilling of 18 production wells.
2. Arthit Project (80%)
- Gas production is scheduled for 1Q 2008.
- Expected production rate is 330 MMcf/d.
- Capital expenditure is for the construction of four wellhead platforms, drilling of 16 development wells, and geological and geophysical studies.
3. Arthit North Project (100%)
- Gas production, using an FPSO is scheduled for 2008.
- Expected initial production rate is 120 MMcf/d.
- Capital expenditure is for the construction of three wellhead platforms and drilling of 27 development wells.
4. Vietnam 9-2 Project (25%)
- Oil production is scheduled for the second half of 2008.
- Total expected production rate will be at 20,000 b/d.
- Capital expenditure is for the drilling of four development wells, and the preparation of a production platform.
Exploration
1. Myanmar M9 & M11 Project (100%)
Capital expenditure is for the drilling of three exploration wells, two appraisal wells, and geological and geophysical studies including basic engineering.
2. Myanmar M3 & M4 & M7 Project (100%)
Capital expenditure is for the drilling of two exploration wells, and geological and geophysical studies.
3. Vietnam 16-1 Project (28.5 %)
Capital expenditure is for the drilling of four appraisal wells, and geological and geophysical studies.
12/26/2007
