Search results for: PTTEP

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  • 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

  • 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 […]

  • 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 […]

  • 31 August 2012
    Business & Finance

      Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, disclosed that PTTEP AA’s Montara incident was concluded by Australian government, with a totalling 510,000 (five hundred and ten thousand) Australian Dollars fine by the Darwin Magistrates Court to PTTEP Australasia (Ashmore Cartier) Pty Ltd (PTTEP AA), […]

  • 23 April 2014
    Business & Finance

    Thailand’s PTT Exploration and Production Public Company Limited or PTTEP today signed Share Purchase Agreements (SPAs) to acquire 100% equity stakes of the subsidiaries of Hess Corporation in Thailand, namely Hess Thailand Holdings II Limited (HTH) and Hess Exploration Thailand Company Limited (HETCL).   The subsidiaries HTH and HETCL own 15% interest in block B12/27 […]

  • 22 May 2014
    Business & Finance

    Thailand’s PTT Exploration and Production Public Company Limited (PTTEP), and Chulalongkorn University (CU), jointly signed the Fourth Amendment Memorandum of Understanding (MOU) to extend the academic cooperation until February, 2016. PTTEP will provide financial support to the research studies related to the field of petroleum engineering, petroleum geology and petroleum geophysics with the amount of […]

  • 31 January 2018
    Project & Tenders

    The Hague-based LNG giant Shell said on Wednesday that it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand to PTT Exploration & Production (PTTEP) for $750 million before tax. The transaction is expected to complete in the second quarter of 2018, Shell said in its statement. “Shell’s decision to […]

  • 9 May 2013

    PTTEP of Thailand plans to decide on a strategic partner for a FLNG project off Australia by the end of 2013, Reuters reported, citing PTTEP’s President and CEO Tevin Vongvanich as saying. The company earlier said that it will decide by the middle of 2013 on a partner to commercialise its assets at its Cash Maple […]

  • 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. 

  • 30 May 2012

    PTTEP Africa Investment Limited or PTTEP AI, a wholly owned subsidiary of PTTEP, has received written consent from the Republic of Mozambique’s Minister of Mineral Resources for its proposed takeover of Cove Energy. The receipt of this consent required a result of the indirect change of control of Cove Mozambique interest in the Republic of Mozambique, […]

  • 7 January 2019

    Thailand’s PTTEP said last Friday that production at its Greater Bongkot North and Greater Bongkot South offshore production platforms was expected to resume on Sunday, January 6. 

  • 7 March 2012
    Business & Finance, Research & Development

    ITF, the oil and gas industry technology facilitator announced a new membership agreement with Thailand’s national oil company PTT Exploration & Production Public Company Limited (PTTEP). PTTEP is the latest ITF member in South East Asia and joins Malaysian state-owned Petronas to support oil and gas technology development and address technology challenges in the region. […]

  • 29 October 2013
    Business & Finance

    Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP revealed the 3rd Quarter Operating Results and the Financial Performance as per the following details: The 3rd Quarter Operating Results (Unreviewed) PTTEP and its subsidiaries posted a net profit of USD 566 million (equivalent to 17,805 million baht), an increase […]

  • 17 June 2019

    The discharge of oil and gas started on August 21, 2009, and was stopped on November 3, 2009.

  • 13 October 2014

    Thailand’s PTTEP has hired China’s CNOOC Engineering for offshore procurement and installation work in Myanmar. According to a statement by CNOOC Engineering, the value of the contract for work on PTTEP’s Zawtika project in the Andaman Sea is $367 million. Under the agreement, CNOOC Engineering will be responsible for design, construction and offshore installation of four […]

  • 24 March 2017

    JOGMEC has signed a memorandum of understanding (MOU) with Thailand’s PTTEP for developing new technologies to enhance o&g production efficiency. JOGMEC said on Thursday that the MoU with PTTEP was signed on March 8. To achieve this, the duo agreed to conduct joint studies and develop technology in the area of reservoir monitoring, which could speed up […]

  • 16 December 2019
    Business & Finance

    Thailand’s national oil and gas company PTTEP has set aside total expenditure of $4.6 billion for 2020 and a whopping $24.6 billion budget for the next five years.

  • 25 November 2015
    Research & Development

    Thailand-based PTT Exploration and Production Public Company Limited (PTTEP) and Mermaid Maritime have signed a memorandum of understanding (MoU) for Cooperation on Research and Development of Autonomous Underwater Vehicles (AUV) at Energy Complex Building. The MoU was signed by Phongsthorn Thavisin, Executive Vice President, Technology and Sustainability Development Group of PTTEP and Chalermchai Mahagitsiri, President […]

  • 13 August 2013

    With the reference to a news article published in the media related to PTTEP Acquisition of Offshore MD-7 and MD-8 blocks in Myanmar, Thailand’s national energy company PTTEP has issued a statement in which it denies the intransparency and bribery of the MD-7 and MD-8 acquisition. The company “would like to clarify that the process of […]

  • 21 September 2011
    Business & Finance

    Reference is made to PTTEP Australasia (Ashmore Cartier) Pty Ltd or PTTEP AAA, a 100% owned subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), the operator of Cash-Maple field (Permit AC/RL7). The field is located in the Timor Sea of Australia. PTTEP  reported today the successful drilling results of the appraisal well, Cash-2. […]

  • 21 March 2019
    Business & Finance

    The U.S. oil company Murphy Oil has agreed to sell its Malaysian business to Thai oil firm PTTEP for $2.127 billion. Murphy could also earn further $100 million subject to certain future exploratory drilling results prior to October 2020.

  • 19 May 2011
    Business & Finance

      Recently, H.E. U Than Htay, the Minister of Energy of the Union of Myanmar (Center) and Mr. Kanok Intharawijitr, General Manager PTTEP International Ltd. a subsidiary of PTT Exploration and Production Plc. or PTTEP jointly opened the testing valve on the drilling rig of the exploration well Aung Sinkha-2 in Mataban Gulf, Union of […]