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.
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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 86.70% of its total recoverable reserves, with peak production in 2015. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029. The field currently accounts for approximately 1% of the country’s daily output.
About PTT Exploration and Production Public
PTT Exploration and Production Public Co Ltd (PTTEP), a subsidiary of a subsidiary of PTT Public Co Ltd, is an oil and gas company, which is primarily engaged in petroleum exploration, development, and production. The company also produces natural gas liquids (NGL) including liquified petroleum gas and condensate. The company and its joint ventures operate pipelines to transport natural gas from 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, and property leasing. The company operates key projects in Thailand, Algeria, Malaysia, Oman, Saudi Arabia, and Mozambique. The company has operations across the Americas, Africa, the Middle East, and Asia. PTTEP is headquartered in Bangkok, Krung Thep Maha Nakhon, Thailand.
For more details on the Siakap North-Petai Conventional Oil Field, buy the profile here.
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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.
