BG Group Begins Production at Greater Bongkot South
by BG Group
|Monday, April 23, 2012
BG Group announced Monday the start of production from the Greater Bongkot South field in the Gulf of Thailand, approximately 125 miles (200 kilometers) east of the city of Songkhla in southern Thailand.
The field, located some 44 miles (70 kilometers) to the south of the existing Bongkot North development, has new standalone facilities with processing capacity of 350 million cubic feet of gas and 15,000 barrels of condensate per day.
"The start up of Greater Bongkot South was delivered to schedule and within budget. It will increase production capacity for BG Group in Thailand by 50 percent and will provide material new gas volumes for sale into a growing market," said BG Group Chief Executive Sir Frank Chapman.
"Once plateau production is achieved, Greater Bongkot South will deliver some 14,000 barrels of oil equivalent per day net to BG Group. This development forms part of our portfolio of named projects and discovered resources that keep us on track to deliver our 6 percent to 8 percent production growth range by the end of the decade."
Production is expected to reach plateau in the second quarter of 2012. Gas from the project is exported via a new-build spur line while condensate is exported to a floating, storage and offloading vessel at Bongkot North. Production is sold to Thailand's national energy company PTT Public Company.
BG Group has a 22.22-percent interest in the Bongkot field (PTT, operator, 44.45 percent and Total 33.33 percent).
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