PTTEP first-half profit rises to $1.18bnThe Erawan gas block in the Gulf of Thailand, operated by PTTEP. The company continues to increase gas production to boost domestic gas supply. Production stood at between 250-300 MMSCFD when PTTEP entered the area in April last year, said Montri Rawanchaikul, chief executive of PTTEP. The company faced a two-year delay in its plan to enter the gas block for gas production preparation. If petroleum is discovered there, the company will develop facilities to support petroleum production, said Mr Montri.
