PTTEP has ramped up the G1/61 Project’s sales volume to 800 million cubic feet per day (MMSCFD) as planned. The increased gas delivery will help minimize the impact of electricity price and enhance national energy security.
Mr. Montri Rawanchaikul, Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), said that PTTEP won the bid for the G1/61 in the Gulf of Thailand from the Department of Mineral Fuels in 2018 and signed the Production Sharing Contract (PSC) in 2019. After becoming the operator, PTTEP put all efforts into speeding up the production rate and improving the integrity of facilities and equipment to ensure safety. To date, 12 wellhead platforms and subsea pipelines were installed, along with the drilling campaign of more than 300 producing wells. The gas delivery is increased to 800 MMSCFD on March 20, 2024, to serve the energy demand and support Thailand’s economy.
'Increasing natural gas delivery from the G1/61 Project has been PTTEP’s priority over the past 2 years. As gas from the Gulf of Thailand is a primary source of energy serving both households and industries, PTTEP, therefore has accelerated all operations to ramp up the production. Today, the G1/61 project starts to produce natural gas at 800 MMSCFD. The achievement is attributed to the determination of all employees and supports from the government and related agencies to not only mitigate the impact of energy prices but also sustain energy security for the country,' Mr. Montri said.
PTTEP will continue its annual workplan by installing 8 new wellhead platforms and drilling more than 300 producing wells for the G1/61 project. For 2024, the investment worth approximately THB 30,000 million has been set aside to carry on the project as one of the primary energy sources for the country’s energy security in the long term.
Source: PTTEP
