U-Thong is a producing conventional oil field located onshore Thailand and is operated by PTT Exploration and Production Public. The field is located in block PTTEP 1.
Field participation details
The field is owned by PTT Public, Toyo Engineering, Kanto Natural Gas Development, Mitsui and Chevron.
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Production from U-Thong
The U-Thong conventional oil field recovered 99.58% of its total recoverable reserves, with peak production in 1995. The peak production was approximately 1.21 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.
Remaining recoverable reserves
The field is expected to recover 0.02 Mmboe, comprised of 0.02 Mmbbl of crude oil & condensate.
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.
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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