By an OGJ correspondent
BANGKOK, July 24 -- The Thai-European consortium led by PTT Exploration & Production PCL (PTTEP) has awarded a $33 million contract to Nippon Steel Corp. of Japan to build and install the 13th wellhead platform at Bongkot gas field in the Gulf of Thailand.
Installation of the structure, to be built at Nippon Steel's fabrication yard in Samut Prakan near Bangkok, is scheduled to take place at the field, 600 km south of Bangkok, in mid-2003.
The platform is part of the Phase 3C Bongkot development, which is aimed at sustaining Bongkot's gas production at the current level of 550-630 MMcfd plus about 13,000 b/d of condensate and crude oil.
Twelve wellhead platforms, a production platform, and a platform for living quarters are in place at Bongkot, one of Thailand's largest gas fields.
Bongkot's development was moved further ahead by the group, which also includes TotalFinaElf SA and British Gas PLC.
The field is most likely to be able to sustain gas production at the current rate over the next decade, PTTEP Pres. Chitrapongse Kwangsuksith said. About 2 tcf of proven gas reserves remain in the structure, where 1.2 tcf has already been recovered since production began in 1993.
The potential for sustaining gas and petroleum liquids production from Bongkot is supported by continued efforts to improve recovery and by success in finding new reserves in satellite prospects, the PTTEP chief noted.