Siakap North-Petai is a producing conventional oil field located in deepwater in Malaysia and is operated by PTT Exploration and Production Public. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block K, with water depth of 9,000 feet. Buy the profile here.
Field participation details
The field is owned by ConocoPhillips, Petroliam Nasional, PTT Public and Shell.
Production from Siakap North-Petai
The Siakap North-Petai conventional oil field recovered 74.70% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 23.26 thousand bpd of crude oil and condensate and 13.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 17.74 Mmboe, comprised of 14.36 Mmbbl of crude oil & condensate and 20.27 bcf of natural gas reserves.
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 also produces natural gas liquids(NGL) including LPG and condensate, allow density hydrocarbon. 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.
For more details on the Siakap North-Petai Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
