Total and the partners of the Bongkot Joint Venture says that a Gas Sales Agreement has been signed with PTT covering all gas production from the Greater Bongkot South (GBS) field in the Gulf of Thailand. The Joint Venture is operated by PTTEP (44.45%), alongside partners Total (33.33%) and BG Group (22.22%).

With all the construction contracts for the GBS development being awarded, GBS first production is expected in 2012. At plateau, GBS will contribute 20,000 barrels of oil equivalent per day to Total’s production, an increase of approximately 50% to the Group’s production in Thailand. This development will enable the Bongkot Joint Venture to further contribute to the increasing gas demand in Thailand.

Tags: Total