Gas production at the Erawan gas field in the Gulf of Thailand is set to increase this year.
PTT Exploration and Production Plc (PTTEP) expects its sales of oil and gas this year to reach a new high of 470 kilo barrels of oil equivalent per day (KBOED), driven by gas supply from the Erawan field in the Gulf of Thailand.
Sales tallied 468 KBOED 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 210 million metric standard cubic feet per day (MMSCFD), a sharp drop from 800 MMSCFD, as PTTEP faced a two-year delay in its plan to enter the gas block for gas production preparation.
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