Arthit North Development Project

abarrelfullabarrelfull wrote on 04 Mar 2015 07:48

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September 20, 2007

PTT Exploration and Production Public Company Limited, or PTTEP, is the operator of Arthit Project with participation interest of 80%. The other joint venture partners are Chevron Thailand Exploration and Production, Ltd. (Chevron) and Mitsui Oil Exploration Co., Ltd. with 16% and 4% participation interests respectively.

PTTEP has agreed in principle with PTT Public Company Limited in October 2006 to produce an additional volume of natural gas at 120 million standard cubic feet per day from the northern area of Arthit Project (Arthit North Project) in order to meet the increasing natural gas demand in Thailand. PTTEP will be the operator and the sole shareholder of the Arthit North Project.

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