Department of Fuel Approved additional petroleum production areas covering 3 provinces

Department of Fuel Approved the petroleum production area AA, onshore exploration block number L53 / 48, covering 3 provinces. More than 120,000 barrels of domestic crude oil added.

Read news Erawan source is boiling !! PTTEP Chon Chevron After not being able to access the area despite the winning bid

Mr. Supalak Panuruk, Department of Mineral Fuels spokesman Revealed that the Petroleum Committee. At the meeting on February 24, it was passed a resolution approving the designation of an AA petroleum production area of ​​1.86 square kilometers. Which is in the onshore exploration block L53 / 48 (Kanchanaburi, Nakhon Pathom and Suphanburi provinces), an additional 1 area from the previously approved 6 areas, including petroleum production areas L53A, L53D, L53G, L53B, DD and South AA in total is 7 production areas, with Pan Orient Energy (Siam) Limited as the concessionaire. There is an average crude production rate of approximately 3,000 barrels per day (as of January 2021) for the newly approved AA petroleum production area. The concessionaire plans to produce a total of 119,000 barrels of crude oil in approximately seven years (2021-2027).

“Department of Mineral Fuels, as a regulatory agency for petroleum exploration and production. Accelerate pushing forward all petroleum production areas that are expected to be commercially viable To be able to make the most of the resources available While the right to explore and produce petroleum in that new area has not yet been opened. This approval of the petroleum production area of ​​AA will benefit the country. Both helping to increase the amount of crude oil production Generate income for the state in the form of royalty. And petroleum income tax The total is approximately US $ 1 million. Or approximately 32 million baht and also helps to create employment in the country as well This is another contribution that helps to promote greater energy security for the country, ”said Supalak.