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

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