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Home  >>   Daily News  >>   Thailand  News  >>   Energy  >>   PTTEP resumes oil operation in Australia
NEWS UPDATES Asean Affairs        5  February 2011

PTTEP resumes oil operation in Australia

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PTT Exploration and Production Plc (PTTEP) says it will resume pumping oil at its Montara oilfield off the coast of Australia in the fourth quarter after receiving approval yesterday from the Australian government.

Australian Energy Minister Martin Ferguson said the company had satisfied the government that it had taken steps to prevent a repeat of the 2009 oil spill in the field in the Timor Sea. "The company has cooperated fully throughout the review process and demonstrated significant changes to improve its leadership, governance and operating practices," he said.

However, PTTEP would be subject to a rigorous, 18-month monitoring program to ensure it has fixed the deficiencies found in an investigation into the blowout, the minister added. Anon Sirisaengtaksin, the president and CEO of PTTEP, said the Australian government recognised the company's commitment to high standards of oilfield practice and safety.

"We are very pleased with this announcement and confident of restoring the Australian government's trust in PTTEP Australasia's capability as a prudent operator with international E&P best practices," said Mr Anon.

Construction of the wellhead platform is expected to be completed this month and production would start in the fourth quarter, with the first shipments of crude to Thailand early next year, he said.

The field is expected to produce 35,000 to 40,000 barrels per day.


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs  
04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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