Unocal Begins First Production Offshore Thailand

Unocal Corporation said its Unocal Thailand, Ltd., subsidiary had started its first crude oil production in the Gulf of Thailand. Early production from the Plamuk field is 2,500 to 3,000 barrels of oil per day (Unocal, 71.25% working interest) and is expected to increase to 15,000-18,000 barrels per day in the first quarter 2002.

"We expect to significantly increase production once we have completed installation of a new oil processing platform adjacent to existing gas processing facilities in the nearby Platong field," said Randy Howard, president of Unocal Thailand. "We are drilling additional wells in the Yala and Plamuk fields that will help us boost production." The fields will produce a high-quality, light sweet crude oil. The production would increase Thailand's current indigenous oil output by about 25 percent. Production from the Yala field will be added once the production area application is approved by the Thai government.

A new floating storage and offloading vessel, SIBEA, has been installed. In total, the company plans to produce from four new production platforms (2 in the Plamuk field and 2 in the Yala field), in addition to two existing platforms in the Kaphong field and one in the Surat field. Unocal Thailand's co-concessionaires include Mitsui Oil Exploration Co., Ltd., and PTT Exploration and Production Public Company Limited.