Total to Invest $1B to Boost Oil, Gas Output at Thai Site


Bongkot Field
(Click to Enlarge)

The Thai unit of Total S.A. plans to invest around $1 billion to increase its oil and gas production from the Bongkot field in the Gulf of Thailand, head of Total E&P Thailand said Wednesday.

The investment will help increase oil and gas output from the Bongkot field by an average of 350 million cubic feet per day, Michael Sangster, president and general manager, told Dow Jones Newswires.

It will also extend the lifespan of the field, the country's largest natural gas resource, he added.

Total owns a 33.33% stake in the Bongkot field, while Thailand's PTT Exploration & Production PCL holds 44.44% and British Gas 22.22%.


Copyright (c) 2008 Dow Jones & Company, Inc.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Senior/Principal Industry Specialist - Oil & Gas
Expertise: Chemical Engineering|Mechanical Engineering|Petroleum Engineering
Location: Washington, DC
 
United States Elmendorf: Perforating Specialist, Assoc
Expertise: Production Engineering
Location: Elmendorf, TX
 
United States Duncan: Entry Level Engineer - Electrical/Electronics
Expertise: Drilling Engineering
Location: Duncan, OK
 
search for more jobs

Brent Crude Oil : $55.45/BBL 0.99%
Light Crude Oil : $52.37/BBL 1.20%
Natural Gas : $3.42/MMBtu 0.88%
Updated in last 24 hours