G12/48
- Type: Rig
- field
- Latitude: 7.6380000
- Longitude: 102.7990000
Location
The G12/48 field is located in the Gulf of Thailand, which is a significant area for Thailand's oil and gas production. It is situated in shallow water.
Operator
The field is operated by PTTEP International Ltd., a subsidiary of PTT PCL, one of the major energy companies in Thailand.
Ownership
As of the latest updates, PTT has acquired a 33.33% stake in Block G12/48 from TotalEnergies EP Thailand, aligning with its strategy of expanding its Thailand portfolio. This acquisition indicates that PTT now holds a significant interest in the block.
Production
The G12/48 field is a producing conventional gas field. It is part of the ongoing exploration and production activities in the Gulf of Thailand, which is known for its high potential in terms of petroleum production.
Geology and Basin
The Gulf of Thailand, where the G12/48 field is located, consists of Cenozoic sedimentary basins formed by normal faulting. The area includes several basins, such as the Pattani Basin and the Malay Basin, which are known for their significant oil and gas reserves.
Reserves and Production Capacity
While specific reserve figures for the G12/48 field alone are not provided in the sources, the broader context of the Gulf of Thailand's reserves is significant. As of 2016, the Gulf of Thailand had proved reserves of 6.60 trillion cubic feet of natural gas, 122.7 million barrels of crude oil, and 170.68 million barrels of oil equivalent of condensate.
Recent Developments
The acquisition of stakes in Block G12/48 by PTT is part of its strategic expansion in Thailand's oil and gas sector. This move aligns with PTT's broader strategy of enhancing its portfolio and ensuring long-term competitiveness in the energy market.
In summary, the G12/48 field is a producing gas field in the Gulf of Thailand, operated by PTTEP International Ltd., with significant ownership by PTT following recent acquisitions. It is part of the larger petroleum production activities in the region, which are supported by the proven petroleum systems in the Gulf of Thailand.