BANGKOK - Thailand's PTT Exploration & Production is targeting a sales volume of 310,000 barrels of oil equivalent a day in 2013, up from 280,000 boed sold last year, the company's chief executive said Thursday.
An increase in sales this year would derive from the start of commercial operations at its Montara oil field offshore Australia in the first quarter, which was delayed from late last year, Tevin Vongvanich told reporters on the sidelines of an economic seminar.
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 into the sea.
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