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November 22, 2021

Satun Conventional Gas Field, Thailand

By Carmen

Satun is a producing conventional gas field located in shallow water in Thailand and is operated by Chevron Thailand Exploration and Production. The field is located in block B12, with water depth of 230 feet.

Field participation details

The field is owned by Chevron and Mitsui.


Production from Satun

The Satun conventional gas field recovered 81.82% of its total recoverable reserves, with peak production in 1997. The peak production was approximately 16.2 thousand bpd of crude oil and condensate and 219 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 90.29 Mmboe, comprised of 7.21 Mmbbl of crude oil & condensate and 498.49 bcf of natural gas reserves. Satun conventional gas field reserves accounts 0.03% of total remaining reserves of producing conventional gas fields globally.


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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