PTTEP lets contract for Arthit platform

Oct. 6, 2005
Thailand's PTT Exploration & Production PLC (PTTEP) let a $110 million contract to J. Ray McDermott SA for installation of a processing platform for Arthit gas field in the Gulf of Thailand.

By an OGJ correspondent
BANGKOK, Oct. 4 -- Thailand's PTT Exploration & Production PLC (PTTEP) let a $110 million contract to J. Ray McDermott SA for installation of a processing platform for Arthit gas field in the Gulf of Thailand.

The deal includes procurement, fabrication, transportation, installation, hook-up, and precommissioning of the topsides, which are equipped with production and processing facilities.

The platform forms part of the offshore production complex being developed at Arthit, 230 km off the southern Thai province of Songkhla. The complex is due on stream at the initial rate of 330 MMcfd in mid-2006.

PTTEP has spent more than $609 million for Arthit's development, which includes the installation of a quarters platform, a production platform, and five wellhead platforms. PTTEP has also drilled more than 60 appraisal and production wells.

The field, covering 3,451 sq km, is operated by PTTEP, which holds 80% interest. Other interest holders are Unocal Corp. 16% and Mitsui Oil Exploration 4%.