INTRODUCTION changes in participation of the Joint Venture partners after transfer.
On July 1st 1998 Total Exploration and In practice, the first gas delivery having Production Thailand (Total) transferred the been made on July 15th 1993, notice of intent Operatorship of the Bongkot Field to PTT was given by PTTEP on July 15th 1996 and Exploration and Production (PTTEP), the E&P the transfer successfully achieved on July 1st affiliate of the Thai National Oil & Gas 1998 in accordance with the POA dispositions.
Company (PTT).
This concluded a very aggressive A TRANSFER MANAGED AS A development program, which brought up PROJECT Bongkot Field production from 150 MMSCFD in September 1993 to 550 MMSCFD in July From the beginning, it was decided that 1998 after 3 successive phases of accelerated the transfer would be managed as a joint development. project between Total and PTTEP. To this effect, This marked also the successful 1. a common project organisation managed completion of a very original process by a Joint Steering Committee was set up involving the initial and the current operator in in 1993 a true "Operatorship Transfer Project (OTP)", 2. joint working groups were established to initiated as soon as the Participation and propose action plans in the various areas Operating Agreement (POA) was signed back of activity; in 1990 and culminating with the transfer 3. a Transfer Project Manager was appointed ceremony on July 1st 1998. by Total with a Deputy Transfer Project Manager appointed by PTTEP; The originality of the process arises from: 4. a Master Plan was drafted to set up the · the acceptance of the transfer option in the detailed of the project organisation and to POA, propose common OTP objectives; · its management as a project, with a 5. key principles governing the transfer were specific organisation and a detailed agreed very early in the project and planning, published as part of the Master Plan. · the emphasis put on human resources development, After PTTEP had notified in 1996 its · the establishment of relationship of mutual intention to exercise the contractual option to trust, confidence and respect between the become operator, the project organisation was initial and the future operator modified slightly to allow an improved monitoring of activities:an OTP sub committee was created within THE TRANSFER OPTION the Joint Venture to ensure a proper information and involvement of the other partners.
The Participation and Operating 2. the Joint Steering Committee was replaced Agreement signed between Bongkot Joint by a PTTEP / Total Joint Management Venture partners at the time PTTEP(40%), Committee meeting more frequently Total (30%), British Gas (20%) and Statoil 3. a detailed action plan was then pub