PTTEP aims to hike output

PTTEP aims to hike output

Erawan, Bongkot gas fields boost activity

PTT Exploration and Production Plc (PTTEP) is determined to increase petroleum production from the Erawan and Bongkot gas fields in the Gulf of Thailand to 1,500 metric million standard cubic feet per day (MMSCFD) in the next two years after lower domestic gas supply led to more imports of expensive liquefied natural gas.

The plan was unveiled on Thursday by Orachon Ouiyamapun, senior vice-president for financial affairs at PTTEP.

The company is the sole operator of Bongkot, having been recently allowed by Emirati government-owned Mubadala Petroleum (Thailand) Holdings, a key shareholder in Erawan gas business, to solely run gas production at Erawan.

PTTEP won a bid to renew its exploration and production rights at Bongkot, and another auction to…