It is estimated that an investment of $1 billion is required to bring M9 into production, said AP, citing the Bangkok Post.
PTT Exploration & Production (PTTEP) has interests in the Yadana and Yetagun projects that are operated by Total and Petronas, respectively. The vast majority of the gas recovered from the fields is exported to Thailand for use in gas-fired power plants.
At current contract prices, gas revenues from the two fields are estimated to be around $2 billion per annum.
