By an OGJ correspondent
BANGKOK, Aug. 18 -- The consortium led by Thailand’s PTT Exploration & Production PLC (PTTEP) is set to ramp up production from its greater Bongkot field off Thailand by 58% to 870 MMcfd of gas in the next 2-3 years.
The incremental delivery of 320 MMcfd will come from the major sister field in the Gulf of Thailand, Bongkot South, which is slated to come on stream between mid-2012 and mid-2013, behind the previous schedule of 2011.
The Bongkot partnership recently finalized an agreement to sell Bongkot South gas to PTT PLC, Thailand's biggest energy firm.
PTTEP operates Bongkot with a 44.4445% share with France's Total E&P and BG Group holding 33.3333% and 22.2222%, respectively.
The main Bongkot field 600 km south of Bangkok has been in production since July 1993 and at its peak in 2007 produced an average of 629 MMcfd of gas and 17,870 b/d of condensate, more than the 550 MMcfd contractual rate agreed with PTT.
