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Supplementary Petroleum Concession Agreements signed, extending Bongkot’s Petroleum Production Periods until 2022 (Block B15) and 2023 (Blocks B16 and B17)

BG Group's investment in Thailand is focused on upstream activities, including an interest in the large offshore Bongkot field, which supplies approximately 18% of the country’s gas demand.

Key dates

1990
Entered a Participation and Operating Agreement (POA)
with partners

1993
Bongkot first production

2001
Memorandum of Understanding (MoU) between Thailand and Cambodia for a Joint
Development Area

2007
Supplementary Petroleum Concession Agreements signed

BONGKOT GAS FIELD

BG Group has a 22.22% interest in the Bongkot field in the Gulf of Thailand, which came onstream in 1993. The field is operated by PTT Exploration and Production (PTTEP).

Production currently derives from Bongkot North where the DCQ has risen to 550 mmscfd (from an initial 150 mmscfd) through a phased development. The field development consists of a central complex for gas gathering, processing, export and accommodation; and a condensate floating storage and offloading vessel; and it is currently supplied by 20 remote wellhead platforms.

Further development phases are designed to extend the life of the field into the next decade. To facilitate this development, BG Group, along with its partners in the Bongkot field, signed two Supplementary Petroleum Concession Agreements in October 2007 covering Blocks B15, B16 and B17. The agreements extend Bongkot’s production periods for a further ten years from the initial expiry dates in 2012 and 2013.

Bongkot platform

Since January 2007, the partnership has successfully drilled three exploration wells on Bongkot North and five exploration wells on Bongkot South. In addition, a number of infill wells on Bongkot North have been completed.

Bongkot South is an important part of the development plan and will be developed independently from existing Bongkot North facilities. It will comprise a central processing facility, a quarters platform and approximately 13 wellhead platforms. First gas is scheduled for 2012.

EXPLORATION

BG Group is the operator (BG Group 50%) of Blocks 7, 8 and 9 in the Gulf of Thailand, in an area subject to overlapping claims by Thailand and Cambodia.

In 2001, a MoU was signed by the Governments of Thailand and Cambodia aimed at concluding an agreement for the exploration and development of hydrocarbons in the overlapping claims area. A Joint Technical Committee is working to agree a mutually acceptable basis for resolution.