PTTEP Resumes Oil Production at Montara Field

PTT Exploration and Production Public Company Limited (PTTEP), announced that PTTEP Australasia (Ashmore Cartier) Pty Ltd, a wholly owned subsidiary of PTTEP, has started to introduce hydrocarbon to the Montara Venture floating production storage and offloading (FPSO) facility at the beginning of June in the Montara field offshore Western Australia.

The Thailand-based oil and gas company said the Montara Venture FPSO achieved steady production June 12.

Oil production at the Montara field is projected to ramp up to 21,000 barrels per day (bopd) initially. Production is expected to rise to 30,000 bopd following completion of one additional development well scheduled for the second half of 2013. The first crude oil sales offtake is expected in August this year, PTTEP said in a statement to the Stock Exchange of Thailand.

Chee Yew has covered the upstream and downstream sectors of the oil and gas industry in Asia for more than 15 years. Email Chee Yew at cheeyew.cheang@rigzone.com

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Chee Yew Cheang
APAC Editor | Rigzone
 -  Thailand's EPPO Says Country May Face ... (Jun 23)
 -  Essar Oil Emerges as India's Largest U... (Jun 22)
 -  Fox Petroleum Invites SHI to Bid for I... (Jun 20)
 -  Indonesia's Upstream Investment Appeal... (Jun 20)
 -  BLOG: New Job Creation in Australia's ... (Jun 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Drilling Superintendent, International Rotation
Expertise: Drilling Manager|Drilling Superintendent|Petroleum Engineering
Location: Houston
 
Plant Operator II
Expertise: Gas Plant Operations|Production Operator|Refinery / Plant Operator
Location: Keene, ND
 
Operator, Plant Trainee (Corpus Christi, TX)
Expertise: Production Operator|Refinery / Plant Operator
Location: Corpus Christi, TX
 
search for more jobs

Light Crude Oil : $50.11/BBL 1.99%
Natural Gas : $2.69/MMBtu 0.74%
Brent Crude Oil : $50.91/BBL 2.06%
Updated in last 24 hours