Bangkok--Jul 4--PTT
PTT Exploration and Production Public Company Limited or PTTEP has successfully tested the oil production of from Nang Nuan Project at the rate of 3,000 - 4,500 barrels per day since May this year.
PTTEP President Mr.Maroot Mrigadat said “PTTEP is contented that it could respond to Thailand’s rising demand for energy. PTTEP hopes to produce as much as 5,000 barrels per day by the end of this year”, he said.
Nang Nuan Project is situated in the Gulf of Thailand off the coast of Chumporn Province, covering an area of about 1,306 square kilometers. The project had earlier been operated by Thai Shell Exploration and Production Co. Ltd, but production ceased in 1997 due to technical problems. PTTEP became the sole owner and operator in early 2004 after it had bought exploration and production assets from Thai Shell and resumed production last May. PTTEP has so far produced 90,000 barrels of crude oil from this project.
For more information,
please contact Sidhichai Jayant/Tongchit Wattanametee
External Relations Department
Tel. +66 (02) 537 4592, 537 4587 End.