PTTEP boosts gas production at Erawan to avoid hefty fine

PTT Exploration and Production Plc (PTTEP) is stepping up gas production at the Erawan gas block in the Gulf of Thailand to avoid a hefty fine. The penalty would be due to a failure to supply the volume of gas stipulated in a contract signed with PTT Plc, Thailand’s sole gas dealer.

The chief executive of PTTEP, Montri Rawanchaikul, expressed confidence in their ability to meet the contract’s demands.

“Our production capacity is currently 400 million standard cubic feet per day [MMSCFD]. The amount will keep increasing from March, reaching 800 MMSCFD on April 1.

PTTEP operates the Erawan gas block, also referred to as G1/61, via its subsidiary PTTEP Energy Development Co. This subsidiary is presently fast-tracking the installation of equipment and machines at wellhead platforms.

His remarks surfaced in the wake of a 4.3-billion baht fine PTT imposed on the gas supplier for…