Fossil Energy – Thailand
PTTEP has completed the process of taking over from Chevron as the operator of the large Erawan gas and condensate field in the Gulf of Thailand.
The Thai company said the handover of operatorship was completed on 24 April, which marked the first day of the new production sharing contracts for the Erawan and Bongkot fields.
PTTEP is now the sole owner of the Bongkot field, and has a 60% ownership in the Erawan asset with partner Mubadala Petroleum on 40%.
Chevron no longer has equity in Erawan, while TotalEnergies is no longer involved in Bongkot.
The execution plan includes the acceleration of eight new offshore wellhead platforms, subsea pipelines, drilling of 183 production wells and the procurement of two additional drilling rigs for another 52 production wells.