Total SA: 3 Successful Exploration Wells Drilled In Thailand

Total SA: 3 Successful Exploration Wells Drilled In Thailand
November 14, 2008
Edited Press Release

PARIS -(Dow Jones)- French oil giant Total SA (TOT) announced Friday that three successful exploration wells have been drilled in Thailand and that a new phase of development of the Bongkot North Field has been launched.

Three exploration wells, Ton Sak 7, Ton Sak 8 and Ton Son 2, have been drilled on the Bongkot offshore concession in the Gulf of Thailand, all of which discovered commercial quantities of gas and condensates.

Two of these discoveries, Ton Sak 7 and Ton Sak 8 have been sanctioned for development.

The Greater Bongkot North field currently produces around 600 million cubic feet per day of gas and 20,000 barrels per day of condensates from 20 wellhead platforms and a central complex.

Two additional wellhead platforms are currently being constructed and should go into production in 2009. The newly sanctioned phase will add a further 3 wellhead platforms, bringing the total number to 25.

This new phase of development will enter into production in 2010 and extend the plateau well into the next decade. The third discovery, Ton Son 2, will be included in a subsequent development phase.

borsaitaliana.it

Can someone tell me what "condensates" are please

Mid

as you posted it, what is the relevance of your article in the overall scheme of things?.

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Originally Posted by Thetyim

Can someone tell me what "condensates" are please

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liquid hydrocarbons that come with the gas

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Originally Posted by baldrick

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Originally Posted by Thetyim

Can someone tell me what "condensates" are please

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liquid hydrocarbons that come with the gas

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Expensive - high value Hydrocarbons............:)

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as you posted it, what is the relevance of your article in the overall scheme of things?.

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less dependence on imported fuel , would be my guess . I may have posted it BUT I certainly ain't no expert .

and thanxs baldrick I also didn't know that .

Sorry to be thick but what does gas mean ?
LPG,NGV or both ?

Natural gas - Wikipedia, the free encyclopedia

Total success in Thailand
14 November 2008

snip as OP

Total’s upstream in Thailand

The group’s primary asset in Thailand is the Bongkot gas and condensates field (33.33 per cent) where its share of production reached 41,000 barrels of oil equivalent per day in 2007.

Total is also active in power and cogeneration in Thailand and owns 28 per cent of Easter Power and Electric Company Ltd (EPEC) which has been operating the combined cycle gas power plant of Bang Bo, with a capacity of 350 MW, since 2003.

Total Exploration & Production in the Asia-Pacific Region

At 252,000 barrels of oil equivalent per day, the Asia-Pacific region accounted for 11 per cent of the Group's total production in 2007.

Total is primarily active in Indonesia, where it has operated the Mahakam block with partner Inpex since 1970 and is one of the country's leading producers of liquefied natural gas.

The group recently strengthened and diversified its acreage by taking new permits in Australia, Indonesia, Bangladesh, Vietnam and Malaysia.

It also acquired a 24 per cent stake in Australia’s Ichthys LNG project, in partnership with Inpex, and signed a contract with China National Petroleum Corporation to appraise, develop and produce natural gas resources in the South Sulige block in China.

energyme.com

This may be news for the French, but there's been ongoing off-shore drilling operations for gas / oil in the Gulf of Thailand for a number of years...

exactly.....mind you, the deal is not quite the best for Thailand.

So what does all this mean for Thailand.
Will they be self sufficient for LPG/NGV
Should we all convert our cars now ?

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Originally Posted by Thetyim

Will they be self sufficient for LPG/NGV

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They already are and have been for years.

What to you think PTT and Chevron platforms bring up?

Thailand is currently importing LPG

PTT Is Concerned Over Soaring Demands For LPG

Mr. Prasert Bunsumpun, the President of PTT Public Company Limited, the state-owned oil and gas conglomerate, says the consumption of LPG, or liquefied petroleum gas, has risen by more than 100 percent in the past decade. He says transport and petrochemical industrial sectors have mainly caused the consumption of LPG to increase.
Mr. Prasert says people have also smuggled LPG in Thailand to other countries because Thailand is selling LPG at a much lower price. As a result, the LPG production in Thailand does not meet the demands. Initially, he says the country is expected to import only 100,000 tons of LPG this year, but the figure has been adjusted to 200,000 tons. Moreover, the country may have to import 800,000 tons of LPG next year.

As for condensates

1. n. [Geology]ID: 100
A low-density, high-API gravity liquid hydrocarbon phase that generally occurs in association with natural gas. Its presence as a liquid phase depends on temperature and pressure conditions in the reservoir allowing condensation of liquid from vapor. The production of condensate reservoirs can be complicated because of the pressure sensitivity of some condensates: During production, there is a risk of the condensate changing from gas to liquid if the reservoir pressure drops below the dew point during production. Reservoir pressure can be maintained by fluid injection if gas production is preferable to liquid production. Gas produced in association with condensate is called wet gas. The API gravity of condensate is typically 50 degrees to 120 degrees.

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Originally Posted by Bobcock

They already are and have been for years.

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So why did they build a huge gas pipeline to buy gas from Myanmar a few years back?

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Originally Posted by Bobcock

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Originally Posted by Thetyim

Will they be self sufficient for LPG/NGV

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They already are and have been for years.

What to you think PTT and Chevron platforms bring up?

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Thailand is a NET importer of energy , 'tis a long way from sufficiency .

Basically lads, every little helps.
Thailand is not the North Sea, but it does have some of the hydrocarbons to dance with, which is good for REDUCING how much energy it needs to import :)

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Originally Posted by Muadib

This may be news for the French, but there's been ongoing off-shore drilling operations for gas / oil in the Gulf of Thailand for a number of years...

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They are a major partner in the Bongkot field, so I can assure you this is old news.......:)

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Originally Posted by Thetyim

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Originally Posted by Bobcock

They already are and have been for years.

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So why did they build a huge gas pipeline to buy gas from Myanmar a few years back?

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Becasue Thailand is not producing enough natural gas to cover the demand. There is also an LNG receiving facility under construction in the Rayong area, which will enable further import of natural gas.

You are all right, I should stick to the subjects I do know about.

be a lonely board if we all did that ..........:)

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Originally Posted by Whiteshiva

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Originally Posted by Muadib

This may be news for the French, but there's been ongoing off-shore drilling operations for gas / oil in the Gulf of Thailand for a number of years...

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They are a major partner in the Bongkot field, so I can assure you this is old news.......:)

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I was involved in Drilling the Bonkot field,(1990?) Total had the concession, the deal then was that they controlled the field for 5 years, then contract changed after 5 years where PTT got majority of profits.