Investment/PTTEP

Editorial staff

PTTEP ramps up G1/61 gas production to 800 MMSCFD to ease the impact of energy prices.

PTTEP today ramps up the G1/61 project’s sales volume to 800 million cubic feet per day (MMSCFD) as planned will help minimize the impact of electricity price and enhance national energy security.

Montri Rawanchaikul, chief executive officer of PTT Exploration and Production Plc (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.” Mr Montri said.

PTTEP will continue its annual plan by installing new 8 wellhead platforms and drilling more than 300 producing wells for the G1/61 project.

For 2024, investment worth approximately 30 billion baht 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.