PTT Exploration and Production Plc (PTTEP) is determined to increase petroleum production from the Erawan and Bongkot gas fields in the Gulf of Thailand to 1,500 metric million standard cubic feet per day (MMSCFD) in the next two years after lower domestic gas supply led to more imports of expensive liquefied natural gas.
The plan was unveiled on Thursday by Orachon Ouiyamapun, senior vice-president for financial affairs at PTTEP.
The company is the sole operator of Bongkot, having been recently allowed by Emirati government-owned Mubadala Petroleum (Thailand) Holdings, a key shareholder in Erawan gas business, to solely run gas production at Erawan.
