Search results for: PTTEP

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  • 24 February 2012
    Business & Finance

    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 […]

  • 8 May 2017

    Indonesia has filed a $2 billion lawsuit against Thailand’s PTTEP for the Montara oil spill offshore Australia that happened in 2009. The Indonesian government filed a civil lawsuit last week at a Jakarta court, saying PTTEP had not shown good faith in resolving problems with Montara oil pollution that reached the area of ​​the East […]

  • 24 September 2012

    Today, Her Royal Highness Princess (HRH) Maha Chakri Sirindhorn paid a royal visit to Greater Bongkot South (GBS) platform in the Gulf of Thailand. The visit was arranged for HRH to grand opening and overview the gas field operations of PTT Exploration and Production Public Company Limited, and welcomed by Minister of Energy Mr. Arak […]

  • 17 September 2014
    Business & Finance

    Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) celebrates its 25th anniversary of successful operation in Myanmar. The silver jubilee celebration, held in Yangon with guests of honor including H.E. U Zay Yar Aung, Union Minister, Myanmar’s Minister of Energy and his Thai counterpart Narongchai Akrasanee, the recently appointed Minister of Energy marks a […]

  • 18 March 2011
    Business & Finance

    At a ceremony in Bangkok on 18 March 2011, Statoil signed a Memorandum of Understanding (MoU) with PTT Exploration and Production (PTTEP) of Thailand. Last November, Statoil agreed to sell to PTTEP a 40% stake in its Kai Kos Dehseh Canadian Oil Sands asset, forming a strong partnership with PTTEP. The MoU builds on this […]

  • 18 March 2011
    Project & Tenders

      At a ceremony in Bangkok on 18 March 2011, Statoil signed a Memorandum of Understanding (MoU) with PTT Exploration and Production (PTTEP) of Thailand. Last November, Statoil agreed to sell to PTTEP a 40% stake in its Kai Kos Dehseh Canadian Oil Sands asset, forming a strong partnership with PTTEP. The MoU builds on […]

  • 6 August 2014

    PTT Exploration and Production Public said that on 5 August the Zawtika Project began delivering natural gas to PTT Public Company for use in Thailand and is currently ramping up production to a rate of 240 million standard cubic feet per day (MMSCFD), which is the daily contract quantity (DCQ) as stipulated in the Gas Sales […]

  • 24 May 2012

    Shell Bidco, a subsidiary of Shell, which has been competing with Thailand’s PTTEP over Cove Energy acquisition announced today that it was aware of PTTEP’s yesterday’s increased takeover bid of $1.9 billion. Shell’s previous $1.8 billion bid to acquire all issued or to be issued shares of UK-based Cove Energy had been endorsed by the […]

  • 2 December 2013
    Business & Finance

     Thai oil and gas company PTTEP has informed it has signed Share Purchase Agreements with respect to the acquisition of Hess Corporation’s interests in Indonesian oil & gas producing assets.   On November 30, 2013, PTTEP Netherlands Holding Coöperatie U.A. (a subsidiary of PTTEP), and Pertamina Hulu Energy (a subsidiary of Pertamina), jointly signed Share […]

  • 28 June 2019

    Thai PTTEP on Thursday said it had made one of its largest gas discoveries ever in Malaysia, but came short of providing the estimated size.

  • 24 September 2012
    Business & Finance, Project & Tenders

    On 24 September 2012, Her Royal Highness Princess (HRH) Maha Chakri Sirindhorn graciously paid a royal visit to Greater Bongkot South (GBS) platform in the Gulf of Thailand. The visit was arranged for HRH to grand opening and overview the gas field operations of PTT Exploration and Production Public Company Limited, and welcomed by Minister […]

  • 22 March 2019

    Thailand’s PTTEP has signed a production sharing agreement with Malaysia’s Petronas for exploration and production rights of two offshore blocks, PM407 and PM415, in shallow waters off Peninsular Malaysia under Malaysia 2018 Bidding Round.

  • 16 July 2018

    Thailand’s PTTEP is divesting its 100% stake in the Montara field offshore Australia.

  • 30 March 2011
    Business & Finance

    PTT Exploration and Production Public Company Limited (PTTEP)  announces that PTTEP Sidi Abd El Rahman Company Limited (a subsidiary of PTTEP), has withdrawn the entire 30% participation interest from Sidi Abd El Rahman Offshore Project in the Arab Republic of Egypt after fulfillment of the exploration work commitment. The withdrawal will be fully effective upon […]

  • 23 June 2014

    Thailand’s PTTEP signs MOU to develop remotely operated vehicle which will carry out surveys around its platforms. Asdakorn Limpiti, Acting Executive Vice President for Technology & Sustainability Development Group of Thailand’s oil company PTTEP, jointly signed a Memorandum of Understanding (MOU) with the Training Department of the Southeast Asian Fisheries Development Center (SEAFDEC/TD), King Mongkut’s […]

  • 19 September 2012

    PTTEP of Thailand said today that it expects its wholly owned unit PTTEP Africa Investment finalise the takeover of Cove Energy on October 5. “As at the close of September 17, PTTEP AI held 98.88 % of shares in Cove. Unless a court orders otherwise, PTTEP AI will hold 100% of Cove shares on October […]

  • 21 January 2013

    Thailand’s oil company PTT Exploration and Production Public Company Limited or PTTEP revealed the Capital Expenditure and Operating Expenditure for the Company and its subsidiaries for the five-year period from 2013 to 2017 will be approximately $24.67 billion . The majority of investment will be used to develop PTTEP’s organic growth projects in Thailand and […]

  • 4 April 2014
    Business & Finance

     Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, disclosed that on April 3, 2014, the company signed a Farm-in/Farm-out Agreement with BG Group. The deal is for 4 predominantly deep water blocks with 25% participation interest. This is PTTEP’s first step in expanding investment in petroleum exploration in […]

  • 18 July 2017
    Business & Finance

    IKM Testing Australia, a services provider to the oil and gas industry, has been awarded a contract for the 2017 Montara shutdown by Thailand’s PTT Exploration and Production (PTTEP).   The contract, announced by IKM on Tuesday, is for the N2 testing and flange management services. The PTTEP-operated Montara oil and gas field, discovered in 1998, […]

  • 21 June 2018

    Shell has completed the sale of its interest in the Bongkot field and adjoining acreage offshore Thailand to the state-owned oil company PTTEP for $750 million. 

  • 7 March 2012
    Business & Finance

    Membership with ITF allows PTTEP to tackle the issues associated with unconventional reservoirs and operational technology challenges in a joined up approach with other oil and gas operator

  • 28 April 2014

    Thailand’s PTTEP posted a net profit of USD 380 million, a decrease of USD 300 million or 44% against the first quarter of 2013. The decrease of 2014 first quarter net profit comprised of the non-recurring items of USD 106 million from the impact of foreign exchange and of the recurring net profit of USD […]