• Natural Gas News

    Chevron, PTTEP sign agreements related to Erawan


The US major will hand over the Erawan gas and condensate field offshore Thailand to PTTEP in April next year.

by: Shardul Sharma

Posted in:

Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Exploration & Production, Investments, News By Country, Thailand

Chevron, PTTEP sign agreements related to Erawan

US major Chevron and Thai state-owned PTTEP have signed a number of agreements in relation to the transition of Erawan gas and condensate field offshore Thailand, Chevron said on December 21.

Chevron Thailand and PTTEP Energy Development (PTTEP ED) have signed a site access agreement 2, an operations transfer agreement and an asset retirement access agreement.

“The agreements will foster further cooperation between both parties in relation to the transition of Erawan which will be handed over to PTTEP ED, the new operator of the field, in April 2022,” Chevron said.

The agreements will “enable PTTEP ED to enter Erawan’s operating area to conduct production-related works ahead of operatorship in April 2022, solidify cooperation between Chevron and PTTEP ED on activities in relation to the transfer of Erawan operations, and enable Chevron to re-enter Erawan’s area after the concession expiry to complete ongoing decommissioning activities,” the company said.

Chevron said that although it is under no obligation to permit early access, the company has previously provided PTTEP ED access to the site to facilitate survey and other related work after both parties reached the first site access agreement (SAA1) in 2019.

“Since the signing, progress has been continually and safely made on activities listed under the SAA1, which are expected to be completed in January 2022,” Chevron said.

PTTEP in partnership with UAE’s Mubadala Petroleum won the right to operate the Erawan field in 2018. Chevron’s existing Erawan concession is due to expire in about four months.