Pailin 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.
Production from Pailin
The Pailin conventional gas field recovered 83.40% of its total recoverable reserves, with peak production in 2000. The peak production was approximately 9.23 thousand bpd of crude oil and condensate and 234 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 56.09 Mmboe, comprised of 19.7 Mmbbl of crude oil & condensate and 218.35 bcf of natural gas reserves. Pailin conventional gas field reserves accounts 0.02% 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.