PTT Exploration and Production (PTTEP), Thailand's sole publicly listed petroleum explorer, expects its petroleum production will rise by 10% next year to between 365,000 and 370,000 barrels of oil equivalent per day from 340,000 boed at present.
Tevin Vongvanich, the president and chief executive, said additional output will come from four international projects including Australia's Montara field, which is slated to increase output to 30,000 barrels per day from 21,000 bpd at present. Myanmar's Zawtika Project will start gas production in next year's first quarter at 3 billion cubic feet per day.
Algeria's 433A and 416B fields will produce their first oil in the second half at 20,000 bpd, while Canada's Oil Sands KKD will raise output to 40,000 bpd of oil from 14,000 bpd.
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