Commencement of Arthit Gas Production

abarrelfullabarrelfull wrote on 23 Feb 2015 13:06

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27 Mar 2008

eference is made to the signing of the Gas Sales Agreement (GSA) with PTT Public Company Limited (PTT), which took place on January 23, 2004, for Arthit Project in which PTT Exploration and Production Public Company Limited (PTTEP) is the Operator with 80% participation interest. The other joint venture partners are Chevron Thailand Exploration and Production, Ltd. (Chevron) and Mitsui Oil Exploration Co., Ltd. (MOECO) with 16% and 4% participation interests respectively.

PTTEP wishes to announce that Arthit Project has already started up its production. The first delivery of natural gas to PTT was made on March 26, 2008 at 80 million standard cubic feet per day (MMSCFD). Presently, the production has increased to 130 MMSCFD and is expected to continue to the daily contract quantity (DCQ) of 330 MMSCFD as required by the Gas Sales Agreement.

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