SINGAPORE -- Final investment decision for the South Bongkot field in the Gulf of Thailand is expected mid-year, making it one of the largest developments aimed at meeting Thailand's energy demand, industry observers said today at the 13th Asia Upstream 2008 Conference in Singapore.
Bongkot South, predicted to cost over $1 billion, would take about three years to develop, it is said.
But Bertrand Huillard, Total's vice president for E&P, is confident of the project progressing because the natural gas supply in Thailand is still short of rapidly rising demand.
Front end engineering and design for the project in the Gulf of Thailand has been completed, making it the third largest development after Bongkot field and the billion-dollar Arthit project, which is expected to go on production next month, Huillard told conference- today.
The target is to produce 320 MMcf/d (30 MMcm/d) of natural gas for the domestic Thai market in addition to the 600 MMcf/d (56 MMcm/d) production from Bongkot which began in the 1990s.