Arthit is a producing conventional gas field located in shallow water in Thailand and is operated by PTT Exploration and Production Public. The field is located in block Block 16A, Block 14A, Block 15A, and G8/50, with water depth of 276 feet.
Field participation details
The field is owned by PTT Public, Chevron and Mitsui.
Production from Arthit
The Arthit conventional gas field recovered 47.14% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 17.5 thousand bpd of crude oil and condensate and 501 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 7% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 305.84 Mmboe, comprised of 86.88 Mmbbl of crude oil & condensate and 1,313.8 bcf of natural gas reserves. Arthit conventional gas field reserves accounts 0.10% of total remaining reserves of producing conventional gas fields globally.
About PTT Exploration and Production Public
PTT Exploration and Production Public Co Ltd (PTTEP), a subsidiary of PTT Public Company Limited, is an oil and gas company. It carries out exploration, development and production of hydrocarbons. The company manages an array of exploration projects in different stages and producing assets across the world. The company, along with its joint venture partners, operates pipelines to transport natural gas from its overseas exploration and production projects. It also has investments in related businesses including information and communication technology services, gas pipeline investment, exploration and production support services, property leasing and others. The company has operations in Australia, Americas, Africa, the Middle East and Asia regions. PTTEP is headquartered in Bangkok, Thailand.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.