PTT Exploration and Production’s operation in the Bongkot gas field in the Gulf of Thailand.
PTT Exploration and Production (PTTEP) expects its oil and gas sales in 2023 to tally 456 kilo-barrels of oil equivalent per day (KBOED), down from a target of 470 KBOED, because of various factors including a production decrease at some petroleum sites.
A drop in production is likely at gas and oil fields in Malaysia during the second quarter, said Orachon Ouiyamapun, PTTEP’s senior vice-president for finance, without providing further details.
Another factor is a change in the calculation of the sales volume at the Bongkot gas field in the Gulf of Thailand, she said. The calculation is now based on production-sharing contracts,…
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