Ptt To Cooperate With Malaysia In Developing Hydrocarbon Resources

[Jai Dee]

PTT Public Company will cooperate with Malaysia in developing resources from the joint development areas

PTT Public Company will cooperate with Malaysia in developing resources from the joint development areas (JDA) of the two countries to reduce imports from abroad.

Vice Managing Director of PTT on International Trade, Surong Bulakul (สุรงค์ บูลกุล ) revealed that PTT signed a contract with Petronas Trading Corporation SDN BHD or PETCO to jointly develop resources from the JDA, adding that condensate material called Cakarawala has been developed from the areas since last year. He said that the material is being produced at 3-5 thousands barrel per day, accounting 3.2 billion baht per year. He expected that the producing capacity of the material will rise to 8-10 thousands barrel per day next year.

In addition, Mr. Surang said that acquiring raw material from the JDA will boost Thailand’s advantage as it will reduce imports and trade deficits resulting from such imports. However, PTT and PETCO have begun selling more than 1 million barrel of condensate, generating 2.2 billion baht. PTT has begun to utilize condensate in its operation in Thailand.

Source: Thai National News Bureau Public Relations Department - 03 March 2006

[astral]

Can someone explain what this means?

I googled "condensate" and got:

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.

but I was not really any the wiser.

What is it used for?

[Jai Dee]

Condensate can be further refined (purified) typically at an onshore facility to further extract hydrocarbons... these in turn can be fractionated (split by molecular structure into "fractions") into other "light end" products such as kerosene, distillate, etc.

Hope this helps.

[lamphun]

Condensate is a type of OIL.

Odd that a press release from an oil company doesn't say that.

[stumonster]

condensates are the liquids that also come up the hole with the gas. the first stage they are just seperated from the gas and then the wate rby a simple vessel that takes the gas off the top and via a weir arangement in the bottom filters the condensate from the water. Further refining will be done at the main plant.

here is a wikipedia entry that might explain more Liquid Hydrocarbons

Edited March 3, 2006 by stumonster

[astral]

Condensate is a type of OIL.

Odd that a press release from an oil company doesn't say that.

They knew, so they assumed everyone else does.

That is why we have teachers to cover the fine details that the "experts" assume.

Thanks to everyone for the links and explanations.