Morakot 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 B12/27, with water depth of 253 feet.
Field participation details
The field is owned by Chevron, PTT Public, Mitsui, Toyo Engineering and Kanto Natural Gas Development.
Production from Morakot
The Morakot conventional gas field recovered 41.93% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 7.56 thousand bpd of crude oil and condensate and 148 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 100.96 Mmboe, comprised of 32.19 Mmbbl of crude oil & condensate and 412.6 bcf of natural gas reserves. Morakot conventional gas field reserves accounts 0.03% 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.