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French geophysical company CGG has won a contract renewal from Thailand’s PTT Exploration & Production Public Company Limited (PTTEP) for the dedicated processing center (DPC) in Bangkok. CGG has been operating the center in Bangkok on PTTEP’s behalf since November 2013. The French company, which recently filed for bankruptcy in France and the U.S., said on Tuesday […]
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Thai oil company PTTEP has named new CEO for its Australian business PTTEP Australasia.
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Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, revealed that PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP successfully acquired the entire shares capital of Cove Energy Plc. The Offer process is declared wholly completed. On August 15, PTTEP received written […]
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Thai oil company PTTEP is reportedly looking to put a halt to its operations in Myanmar. According to Sea Ship News, a news website covering Asian maritime sector, the oil giant, pressured by low oil prices has hinted it could scrap its M-3 gas project offshore Myanmar. The publication did not say where the information came […]
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Thailand’s oil company PTTEP has allocated $24,3 billion for expenditure over the five-year period from 2015 to 2019. PTTEP has said that the expenditures (chart below) have been revised to incorporate the latest business strategies and work programs. The estimated total expenditure for PTTEP in 2015 is around $4.8 billion. The following are highlights of the key […]
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PTTEP entered into a partnership with TOTAL and JX NOEX for M11 block, in Myanmar, ready to drill one exploration well by the third quarter of next year. Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP disclosed that PTTEP International Limited or PTTEPI, a wholly owned […]
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PTTEP entered into a partnership with TOTAL and JX NOEX for M11 block, in Myanmar, ready to drill one exploration well by the third quarter of next year. Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP disclosed that PTTEP International Limited or PTTEPI, a wholly owned […]
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Business & Finance, Equipment
Thailand’s PTT Exploration and Production Public Company Limited or PTTEP has acquired the entire shares capital of Cove Energy Plc. The Offer process is declared wholly completed. On August 15, 2012, PTTEP received written consent to the indirect change of control in Cove from the Republic of Mozambique’s Minister of Mineral Resources. This consent was […]
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Thailand’s oil and gas company PTT Exploration and Production Public Company Limited or PTTEP announces the appointment of Mr. Tevin Vongvanich as President and Chief Executive Officer (CEO) replacing Mr. Anon Sirisaengtaksin who will be transferred to be CEO of PTT Global Chemical according to periodic management rotation and the resolution of PTT and PTTEP’s […]
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PTT Exploration and Production Public Company Limited (PTTEP) today (4 February 2011) welcomed the announcement by Australia’s Minister for Resources and Energy, The Hon Martin Ferguson MP, that it can continue its E&P operations in Australia. The Australian Government’s decision recognises PTTEP’s commitment to deliver the highest standards of oil field practice and safety […]
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Mr. Tevin Vongvanich, the President and CEO of PTTEP, revealed that on 31 July PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP, has received valid acceptances from Cove Shareholders 91.37% of the existing issued share capital of Cove which is satisfactory to PTTEP AI’s requirement. He said PTTEP would request […]
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Thai oil company PTTEP has informed that gas began flowing from the Zawtika Project offshore Myanmar to the Thailand market. The Zawtika Project began delivering natural gas for use in Thailand and is currently ramping up output to a rate of 240 million standard cubic feet per day (MMSCFD), which is the daily contract quantity (DCQ) […]
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Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) announced today that it has agreed to dilute its share in three deep-offshore exploration blocks in the Makassar Strait in Indonesia to French supermajor Total. The farm-out agreement includes the dilution of PTTEP’s 33% share in South Mandar block and 10% share in Sadang block together […]
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The government of Indonesia is preparing to sue Thailand’s PTTEP oil company for the 2009 Montara oil spill in the Timor Sea. The Montara project, operated by PTTEP’s Australian subsidiary PTTEP Australasia, is located 690 kilometres east of Darwin and 250 kilometres north-west of the Kimberley coast of Western Australia. On August 21, 2009, a […]
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Thailand’s PTTEP has officially signed production sharing contracts for the Erawan and the Bongkot fields in the Gulf of Thailand, after beating Chevron for the operatorship of the fields last month.
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Thai oil company PTTEP has earmarked $3,1 billion dollars for investments in 2018 and is planning to speed up final investment decisions for three projects this year.
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PTTEP has announced the 2013 achievement and five-year plans. Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP revealed 2013 achievement, strategic plan and 5-year plan. 2013 Achievement In 2013, PTTEP has steadily grown as the Thai national petroleum exploration and production company with the production rate of 292,000 […]
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CGG has secured a renewal of a contract from PTT Exploration & Production (PTTEP) for the dedicated processing center (DPC) CGG has been operating in Bangkok since November 2013. The new contract will run for a further three years, from March 01, 2017 to February 28, 2020. CGG will continue to support PTTEP by delivering high-quality […]
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Oil giant Shell has decided to sell its interest in the Bongkot field offshore Thailand to the state-owned oil company PTTEP for $750 million.
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Thailand’s PTTEP, has announced that on 31 July 2012 at 1.00 p.m. (London time) PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP has received valid acceptances from Cove Shareholders 91.37% of the existing issued share capital of Cove which is satisfactory to PTTEP AI’s requirement. Tevin Vongvanich, the President and […]
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Thailand’s PTTEP has entered into the race with Shell over Cove Energy’s shares. PTTEP’s President and CEO Anon Sirisaengtaksin revealed that the company would be willing to pay 220 pence for each Cove’s issued or to be issued share. The proposed offer values Cove at approximately USD 1.77 billion which is higher than the USD 1.56 billion bid […]
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PTT Exploration and Production Public Company (PTTEP) said that its shareholders have approved PTTEP’s capital increase via a preferential public offering whereby up to 650,000,000 new shares will be offered and allocated on a preferential basis to eligible existing shareholders. Eligible shareholders whose names appear in the share register book as of November 12, 2012 […]
