Increased production from Erawan gas field will be a big contributor
The Erawan gas field in the Gulf of Thailand. (Photo: Department of Mineral Fuels)
PTT Exploration and Production Plc (PTTEP) expects its sales of oil and gas this year will reach a new high of 470,000 barrels of oil equivalent per day (boed), driven by gas supply from the Erawan field in the Gulf of Thailand.
Sales totalled 468,000 boed last year.
Orachon Ouiyamapun, senior vice-president for finance, attributed the increase to a doubling of gas production at Erawan.
She said gas production at Erawan is currently 210 million metric standard cubic feet per day (MMSCFD), a sharp drop from 800 MMSCFD, as PTTEP faced a two-year delay…
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