PTTEP signs production sharing contracts

Editorial Staff

PTTEP signs production sharing contracts for block G1/65 and block G3/65

Mr. Montri Rawanchaikul (3rd from right), chief executive officer, PTT Exploration and Production Public Company Limited (PTTEP) together with Ms. Kanita Sartwattayu (2nd from right), executive vice president for Domestic Production Asset Group and Mr. Chayong Borisuitsawat (right), executive vice president for Strategy and Sustainable Growth Group, signed production sharing contracts (PSCs) for block G1/65 and block G3/65 with Mr. Supattanapong Punmeechaow (3rd from left), deputy prime minister and minister of Energy, and Mr. Sarawut Kaewtathip (2nd from left), director-general of the Department of Mineral Fuels, Ministry of Energy. PTTEP was awarded the two offshore blocks in the 24th Thailand petroleum bidding round.

PTTEP is ready to explore and develop both blocks, leveraging extensive knowledge and expertise gained over the past 38 years of its exploration & production operations. The proximity of these two Blocks to G1/61 and G2/61 projects, which are operated by PTTEP, expedites the project development. This will contribute to the energy supply for economic development and long-term benefits to the country.