Pttep News

 

Petrobras hits gas at Espírito Santo basin

Oct 07, 2014

Brazil’s Petrobras hit a new gas accumulation at the Tanganika well in Block BM-ES-21 located in the Espírito Santo basin, 72km off the coast of the Espírito Santo state. The Cidade de Vitória FPSO. From Saipem…

PTTEP picks up Brazil stake from Shell

Sep 22, 2014

Shell’s Brazilian subsidiary, Shell Brasil Petroleo Ltda., will sell 20% participating interest in concession BM-ES-23, offshore Brazil, to Thailand’s PTTEP. BM-ES-23 is in the deepwater Espirito Santo basin, covering approximately 550sq km…

Mozambique will host US$30 billion LNG project

Sep 17, 2014

Over US$30 billion will be committed in Mozambique to produce 20 million tonnes of LNG annually (mtpa), with the ports of Pemba and Palma to be redeveloped under a massive program. Mozambique's national oil company, Empresa Nacional de Hidrocarbonetos (ENH)…

Thai ROV partnership launched

Jun 23, 2014

Thailand's PTT Exploration and Production Public Company (PTTEP) has agreed a partnership to develop ROVs to be used for marine environmental studies, as part of oil and gas exploration activities.  The cooperation marks the first time…

Hess sells Thailand assets

Apr 23, 2014

PTT Exploration and Production Public Company Ltd. (PTTEP) will acquire 100% equity stakes of Hess Corp in Thailand for US$1 billion. The details of the transaction are as follows: Own 15% interest in block B12/27 (mainly in Pailin…

Bibby completes PTTEP job

Feb 19, 2014

Bibby Offshore Singapore (BOS) has completed a call out contract with PTT Exploration & Production Co Ltd (PTTEP). The project involved a short notice mobilization, and saw the BOS-operated DP2 ROV Support Vessel, the Bibby Spring, perform…

Hess sells Indonesian assets

Jan 16, 2014

PTTEP and Pertamina agreed to form a 50:50 joint venture to buy Hess’ assets offshore Indonesia for US$1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…

OVL, OIL gain stake off Mozambique

Jan 08, 2014

ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of 10% PI in the Rovuma Area 1 offshore block in Mozambique by acquiring 100% shares of Videocon Mozambique Rovuma 1 Ltd, the company holding the 10% PI in the Area 1 from Videocon Mauritius Energy Ltd…

Hess sells Indonesian assets

Dec 02, 2013

PTTEP and Pertamina signed a 50:50 joint venture to buy Hess' assets off Indonesia for US $1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…

PTTEP launches Zawtika platform

Oct 25, 2013

Thailand's PTT Exploration and Production Public Co. Ltd. (PTTEP) held a sail away ceremony for Zawtika Processing and Living Quarters Platform (ZPQ) on 5 October 2013 in Singapore. After the ceremony, the ZPQ sailed away from SMOE Pte. Ltd…

Montara first oil

Jul 25, 2013

PTTEP Australasia achieved first oil from the Montara field in the Timor Sea off Western Australia. The Montara Venture FPSO started production at the H2 well in early June. The company expects to ramp production to 21,000bo/d with first off-take of oil from the FPSO occurring by August…

SOCO hits in block 16-1 off Vietnam

Jul 22, 2013

SOCO International announced that its TGT-10X exploration well in Te Giac Trang (TGT) field in block 16-1 off southern Vietnam cut 117m of net pay (250m gross pay), after drilling to 4226m MD. This is the first well drilled into the Oligocene D2 section in the H5 fault block of the field…

PTTEP's Montara in production

Jun 25, 2013

PTTEP Australasia (PTTEP AA) achieved first oil from the Montara field in the Timor Sea off Western Australia, the company announced on June 20. The Montara Venture FPSO started production at the H2 well at the beginning of June, achieving steady rates by June 12…

Natural gas lifts Australian reserves

Feb 01, 2013

As Australia grapples with chronic oil production decline in the face of rising imports, the buoyant gas sector offers the prospect of rising revenue from LNG export. John Mueller reports.Eyebrow Natural gas lifts Australian reserves As Australia…

Montara inquest

Dec 15, 2009

The monetary and environmental cost of the 72-day Montara field oil leak which culminated in a devastating two-day platform fire in the Timor Sea has yet to be determined, but the Australian Government has been quick to establish a Commission…

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