Mar 2019: – PTTEP has signed production-sharing contracts for the G1/61 (Erawan field) and the G2/61 (Bongkot field) offshore concessions. It was already operator at Bongkot and will transfer of operatorship of Erawan from Chevron in 2022. PTTEP plans to spend US$31bn on the fields to maintain of 7.25 and 8.25 bcm a year respectively.
Feb 2019: KrisEnergy has contracted TechnipFMC to conduct a FEED for the Rossukon oil field in the Gulf of Thailand within the surrounding G6/48 license.
Oct 2018: Pan Orient announced that the L53-DD1 exploration well encountered 26m of net light oil pay within 3 separate sandstone reservoirs. Plans are to immediately appraise the discovery with an L53-DD2 well. During the drilling of DD2, approval will be sought for 90 day production tests. The discovery lies 5 kms south of the PTT-operated U-Thong field in the adjacent concession.
Apr 2018: Thailand has launched a bidding round offering the G1/61 and G2/62 offshore blocks under a PSC regime for the first time, include the Erawan (G1/61) and Bongkot gas (G2/62) fields, operated by Chevron and PTTEP. Bidders must commit to a minimum production of 8.3 bcm for G1/61 and 7.2 bcm for G2/62 for a period of 10 years. Successful bidders will be announced in Q1 2019.
No significant news in 2017.
Aug 2016: The military government plans to open bids in March 2017 for expiring oil and gas contracts held by Chevron (Erawan gas field) and PTT (Bongkot gas field). Contracts are due to expire in 2022 and 2023. They produce around 75% of output in the Gulf of Thailand. The energy ministry also plans to hold a long-delayed auction for 29 onshore and offshore oil concessions in late 2017.
Aug 2015: KrisEnergy (operator, 89%), with Palang Sophon (11%), began oil production from the Wassana field in the G10/48 concession in 60m of water. Peak production of 10,000 bbls of oil per day is planned through a MOPU, the Rubicon Vantage FSO and up to 15 development wells.
Jun 2015: Mubadala (operator, 67.5%) announced that production at the Nong Yao oil field in the G11/48 concession in 75m of water has started. It is expected to reach a peak of 10,000 bbls per day as more wells are completed. It is Mubadala’s third operated field after Manora and Jasmine. Partners are KrisEnergy (22.5%) and Palang Sophon (10%).
Apr 2015: The Rayrai-1 well in Block G10/48 in the Gulf, drilled in 52m of water, has intersected 15m of net oil-bearing sandstones. G10/48 lies over the south of the Pattani Basin where KrisEnergy (operator, 89%) and Palang Sophon (11%) are developing the Wassana oil field via a MOPU and FSO. Production at Wassana is scheduled to begin later in 2015.
Apr 2015: Eleven Manora field wells in the Northern Gulf have been completed (reduced from 15). The field is producing from 6 wells (all with ESP pumps) with 3 more starting soon. Three wells are injecting water. Peak production of 15,000 bbls per day has now been achieved.
Feb 2015: The military government will delay bidding for 23 onshore and 6 offshore blocks indefinitely pending an amendment to a petroleum law. It is expected to take 3 months with critics pushing for PSCs similar to those offered by Indonesia where the state cut of earnings is around 74% on average. The auction was originally planned for 2011.
Nov 2014: Mubadala (operator, 60%) announced production startup at the Manora oil field in the northern Gulf. It will reach a peak rate of 15,000 bbls per day from 10 production wells and 5 injection wells. The field is within the G1/48 concession. Facilities include a Wellhead Processing Platform and an FSO. Tap (30%) and Northern Gulf (10%) are the other partners.
Oct 2014: An auction for petroleum concessions covering 29 blocks is due in Feb 2015. The auction round will be the 21st, and the first since 2007. Of the 29 blocks, 6 are offshore in the Gulf of Thailand and 23 are onshore, mostly in the northeast.
Sep 2014: Drilling of 15 wells (10 producers) for the Manora Oil Development in the Northern Gulf of Thailand, concession G1/48, has commenced with wells MNA-01 and MNA-02 in 46m of water. Production will begin shortly after the completion of the first 2 wells. Mubadala Petroleum (60%) is operator along with Tap Oil (30%) and Northern Gulf (10%).
Aug 2014: Salamander announced that first oil has been received in the new Suksan Salamander FSO at the Bualuang field after an upgrade to reduce operating costs. The original vessel, the Rubicon Vantage FPSO, will depart the field soon.
Jul 2014: Tap Oil reports that the Manora oil development in the northern Gulf of Thailand is on schedule for first production in late September 2014 from the first 2 wells. The installation of the platform topsides is complete. Arrival of the FSO is due soon and the Atwood Orca jackup will start in August to drill 10 production and 5 injection wells. Mubadala Petroleum is the operator.
Jun 2014: KrisEnergy (100%) will develop the Wassana oil field in the offshore G10/48 licence in the north Malay Basin with production commencing in the second half of 2015 using a mobile offshore production unit (MOPU) and 12-14 wells producing to an FSO. The MOPU jackup will have processing facility for up to 20,000 bbls of oil per day. G10/48, which contains 3 oil discoveries ,Wassana, Niramai and Mayura.
Jan 2014: KrisEnergy has announced award of the contract for facilities for the Nong Yao oil field in Block G11/48 in 75m of water to Nippon Steel and Sumikin Engineering. The development will comprise 23 wells, a WH processing platform and a WH platform with export via an FSO. First oil is anticipated in 2015. KrisEnergy holds 25% along with operator Mubadala Petroleum (75%).
Aug 2013: Salamander has announced that the G4/50-5 exploration well, Surin, in the central portion of the Western sub-basin has discovered oil. Surin is a 25 km step-out from the Bualang field.
Jun 2013: Salamander Energy has announced the start of its multi-well exploration programme in Block G4/50 in the Gulf of Thailand. Block G4/50 surrounds the B8/38 Production Licence containing the Bualuang oil field. Salamander plan to drill 6 exploration wells during 2013 with further wells in 2014. The block contains five sub-basins. The first well is located in the north east of the block in the Central Kra sub-basin.
Dec 2012: Thailand has put 65 blocks up for auction in its 20th licensing round covering 235,576 sq kms. A total of 56 blocks are on offer onshore with the remainder offshore in the Gulf of Thailand. The application deadline is July 16, 2013.
Sep 2012: Construction of the Bravo platform for the Greater Bualuang project is nearing completion and will be commissioned by operator Salamander by the end of October when drilling will start. The Atwood Mako jackup will first undertake a short development drilling program from the Bualuang Alpha platform after which it will drill two exploration wells on the Greater Bualuang acreage and then move to the Bravo platform for an extended period of development drilling.