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...the sea has become our home and so we are conscious of our responsibilities...
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Investor Relations
SET Notification
Clarification on news reporting regarding legal action commenced in Indonesia relating to the Montara Incident
8 May 2017
PTTEP 13061/00-3959/2017
Investor Relations
Tel. 0-2537-5919, 0-2537-5304, 0-2537-5779, 0-2537-4446
8 May 2017
President
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
Dear Sir,
Subject: Clarification on news reporting regarding legal action commenced in Indonesia relating to the Montara Incident
Referring to the news reported in newspapers regarding the legal action commenced in Indonesia relating to the Montara incident in 2009 against PTT Exploration and Production Public Company Limited (PTTEP) and its subsidiary PTTEP Australasia (Ashmore Cartier) Pty Ltd (PTTEP AA) as the operator of the Montara field.
PTTEP and PTTEP AA are aware of reports that legal proceedings have been filed. PTTEP and PTTEP AA have not received any notification of the substance or extent of the claim.
Since the Montara incident, PTTEP and PTTEP AA have always accepted responsibility and compiled with all the environmental requirements which resulted in the permission to continue the operations by the Australian Government. After receiving the claim for compensation from the Government of Indonesia (GoI), PTTEP and PTTEP AA have put great effort to sincerely cooperate with the GoI to prove the evidences, however, have not reached any agreement.
PTTEP and PTTEP AA maintain their position, based on extensive independent scientific research overseen by the Australian government, that no oil from Montara reached the shores of Indonesia or Australia and that no long-term damage was done to the environment in the Timor Sea.
Currently, PTTEP Netherlands Holding Coöperatie U.A. (a subsidiary of PTTEP) has one operating asset in Indonesia through 11.5% holding stakes in Natuna Sea A project. The Project’s total sales volume of natural gas is approximately 224 million cubic feet per day with approximately 1,200 barrels per day of crude oil representing the net contribution of approximately 1% to PTTEP’s total sales volume.
If there is any progress, we will provide more update in due course.
Sincerely yours,
Somporn Vongvuthipornchai
Somporn Vongvuthipornchai
President and Chief Executive Officer
PTT Exploration and Production Public Company Limited
555/1 Energy Complex Building A, Floors 19-36th
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Phone : 66 (0) 2537-4000
Fax : 66 (0) 2537-4444
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Copyright © PTT Exploration and Production Plc. All Rights Reserved.