Two firms continue oil exploration in NE Thailand

BANGKOK: -- Despite disappointingly small discoveries of oil in northeastern Thailand, two companies are continuing exploration with hopes that success will be achieved, according to a senior Ministry of Energy official.

Mineral Fuels Department director-general Kurujit Nakhonthap said PTT Exploration & Production (PTTEP) is now busy seeking more oil in its two operating fields, while the Pan Orient Energy Corp. is also exploring for more commercially viable oil in its Bo Rang field.

Currently, Bo Rang can produce between 500-1,000 barrels of oil per day, said Mr Kurujit.

PTTEP and Chevron oil production in 2009 made considerable progress as both of them achieved over 80 per cent of their targeted production of 330,000 million cubic feet per day, he said.

Also, Pearl Oil had positively tested the presence of nearly 9,000 barrels of oil per day in the Gulf of Thailand while there were prospects of oil in another well with approximately 2,000 barrels of oil per day, demonstrating that the country still has more potential petroleum resources.

Thailand is now able to produce between 150,000-160,000 barrels of oil daily, equivalent to some 20 per cent of Thailand’s total consumption,said Mr Kurujit, still insufficient for the country’s overall needs.

As production is still far short of local demand, the ministry studying whether to open a new concession for petroleum production, he added.

-- TNA 2010-01-09

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so can we farangs as a joint venture look to & hopefully live & work here

Where exactly are these pricks?

Anyone know?

PrickThai?

I’m a Welding/NDT and Paint Inspector who works in the gas & oil industry, not found much work in Asia, let alone Thailand as of late. I have had to go to work in Libya, and rotate on leave to Thailand every 8 weeks.

I am always looking for work in Thailand…. Not a sniff. Hope this changes soon!

I live next door to a guy who works for an oil company and is currently working out of Issan -not short of a quid it would seem to me

PTTEP and Chevron oil production in 2009 made considerable progress as both of them achieved over 80 per cent of their targeted production of 330,000 million cubic feet per day, he said.

That sound more like a gas production target, not oil??

You may not believe this, Pearl Oil bought the rights for oil from Al Fayed (Harrods). AF got a duster!! Pearl Oil(owned middle eastern) got the block, after making millions now is leaving thailand to concentrate in the middle east