PTTEP-Petronas JV Fires Up Gas Production in Gulf of Thailand

The PTTEP and Petronas joint-operated MTJDA-B17 Project has started producing natural gas, adding as much as 10% to the supplies of Thailand's petroleum demand. It is expected to serve the country’s energy demands for at least 16 years.

Mr. Anon Sirisaengtaksin, CEO and President of PTT Exploration and Production Public Company Limited or PTTEP said that MTJDA-B17, an offshore natural gas field in the Malaysia-Thailand Joint Developing Area, has started production from its Muda and Jengka fields. The current delivery of natural gas to PTT Public Company Limited has met the gas quality and quantity as specified in the Gas Sales Agreement at 135 million standard cubic feet per day (MMSCFD). The production rate of condensate is approximately 4,900 barrels per day. By the fourth quarter this year, the natural gas production is expected to reach 335 MMSCFD which is an equivalent to 10% of domestic demands.

MTJDA-B17 Project is consisted of B-17, C-19 and B-17-01 blocks covering an area of 8,000 square kilometers. It is situated in the southern part of the Gulf of Thailand, about 230 kilometers off Songkhla coast and about 150 kilometers from Kota Baru city, Kelantan State, Malaysia.

PTTEP International Co., Ltd. or PTTEPI, a wholly owned PTTEP subsidiary, and Petronas Carligari (JDA) Sdn. Bhd. (PC JDA) of Malaysia received the rights to explore for petroleum in Blocks B-17&C19 and B-17-01 in 1994 and 2004 respectively. The two companies established Carligari-PTTEPI Operating Company Sdn. Bhd. or CPOC in 1994 to be the operator. PTTEPI and PC JDA each holds 50% interest in CPOC. The company has found natural gas and crude oil in many fields including Muda, Jengka, Tapi, Andalus and Tanjung.




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Brent Crude Oil : $51.78/BBL 0.77%
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