PTTEP Inks Deal to Sell Flare Gas from Pratu Tao-A Field
PTTEP and Ratchaburi Energy Company Limited have been studying the feasibility of utilizing flare gas from Pratu Tao-A oil field, S1 Project, for electricity generation in substitution of imported fuel oil.
PTTEP has now entered into a gas sales agreement (GSA) with Ratchaburi Energy Company Limited at the expected average gas sales amount of 0.4 million standard cubic feet per day (MMSCFD) for 8 years. The test run is expected to commence in the fourth quarter of 2006. This is a major achievement for PTTEP to utilize the gas produced as a by-product from crude oil production instead of burning off the flare gas.
Operates 3 Offshore Rigs
- Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan (Oct 06)
- ExxonMobil Says Will Drop Discussions Over Indonesia's East Natuna (Jul 18)
- Hydrocarbons Encountered at Te Giac Trang Field Offshore Vietnam (Dec 20)