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November 22, 2021

Bongkot Conventional Gas Field, Thailand

By Carmen

Bongkot 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 B16, B15, and G2/61, with water depth of 269 feet.

An expansion project is associated with the Bongkot, namely Bongkot Development. This project is currently in the construction stage, expected to start in 2022.

Field participation details

The field is owned by PTT Public and TotalEnergies.


Production from Bongkot

The Bongkot conventional gas field recovered 68.74% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 17.86 thousand bpd of crude oil and condensate and 629 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2041. The field currently accounts for approximately 14% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 463.1 Mmboe, comprised of 47.18 Mmbbl of crude oil & condensate and 2,495.53 bcf of natural gas reserves. Bongkot conventional gas field reserves accounts 0.15% 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.

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Methodology

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.

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