PTT Exploration & Production will remain operator of Bongkot natural gas field in the Gulf of Thailand and replace a Chevron Corp. subsidiary as operator of Erawan gas field in 2022.
The state-owned company won bidding for new concessions covering both fields. The current Bongkot license will expire in 2023, and the Erawan license will expire in 2022.
PTTEP bid with 40% partner Mubadala Petroleum for the Erawan license and alone for the Bongkot license. Chevron, with Mitsui Oil Exploration, submitted bids for both licenses (OGJ Online, Sept. 26, 2018).
PTTEP Chief Executive Officer Phongsthorn Thavisin said the company has proposed investment plans aimed at committed production of at least 700 MMscfd from Bongkot and 800 MMscfd from Erawan.
The Thai Department of Mineral Fuels reported October 2018 gas production for all of Thailand at 3.2 MMscfd.