PTT E&P Postpones Montara Startup on Delayed Approval, Cyclones

BANGKOK - PTT Exploration & Production PCL said Friday that the start of commercial operations at its Montara oil field offshore Australia will likely be delayed to early 2013 from a previous target of late this year.

The Australian government has only recently approved a safety plan for setting up a rig at Montara, and cyclones in the region have also hampered work, leading to the postponement of commercial startup, Chief Executive Tevin Vongvanich told reporters.

PTT Exploration plans to produce 30,0000 barrels a day of crude oil at Montara, he said.

Located in the Timor Sea off northern Australia, Montara is the site of the worst oil spill in Australia's history. In August 2009, a drilling rig at Montara burst into flames and eventually spilled more than 20,000 barrels.

Copyright (c) 2012 Dow Jones & Company, Inc.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Gas Storage Reservoir Engineer
Expertise: Petroleum Engineering
Location: Houston, TX
United States Odessa: Sr Field Engineer - Directional Drilling
Expertise: Directional Driller|Drilling Engineering
Location: Odessa, TX
Project Manager, Oil and Gas
Expertise: Petroleum Engineering|Project Management
Location: West Chicago, IL
search for more jobs

Brent Crude Oil : $51.46/BBL 0.61%
Light Crude Oil : $50.52/BBL 0.64%
Natural Gas : $2.83/MMBtu 5.35%
Updated in last 24 hours