MOL Group entered into a strategic partnership with TPAO by divesting 49% of shares in BaiTex in 2014, while remaining the Operator. Baitugan is a mature and compact field in production since 1947, with developed infrastructure, which supports low operating and development costs. The main target of the work program is to mitigate baseline production decline with drillings (incl. horizontal), well workovers and infrastructure improvement projects.
FIELD DEVELOPMENT PROGRAM
In 2019 the annual program was completed successfully with 71 well workovers and 17 drilled wells, out of which two were horizontal. Moreover, as a part of new Field Development Plan, full-scale geological and dynamic models have been made to improve well location selection and enable optimum field development. In addition to this, several infrastructure improvement projects are ongoing.
Priorities for upcoming years
Exploit remaining potential from the mature field by continuing the drilling and infrastructure development program and annual well-workover campaign. MOL also continues to focus on the Baitugan Reassessment Project in order to improve recovery.
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*Gross production number