Thai oil and gas company PTTEP has become the official operator of the G1/61 offshore block, containing the Erawan, Platong, Satun, and Funan fields, as well as the G2/61 project, containing the Bongkot field, offshore Thailand.
Back in December 2018, PTTEP won bids to continue operating Bongkot and to become the operator of Erawan, in a major blow to the U.S. oil major Chevron, which was the operator of Erawan at the time, and which had filed a bid to take over Bongkot, too.
At the time when the bidding results were announced, energy intelligence group Wood Mackenzie said:””This is the second major loss for Chevron in South East Asia after losing its Rokan asset to Pertamina in Indonesia earlier this year. Chevron’s reserves and production in the region is now expected to fall drastically post-2022 and South East Asia could become a non-core region for the Major.”
Montri…
