SET Notification

Results of Mexico Bidding Round

1 February 2018

PTTEP 13061/00-1162/2018                                                                               

Investor Relations Tel. 0-2537-5919, 0-2537-5304, 0-2537-5779, 0-2537-4446, 0-2537-4000 ext. 800-7374  

1 February 2018

The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400

Dear Sir,

Subject:              Results of Mexico Bidding Round

PTT Exploration and Production Public Company Limited (PTTEP) would like to announce that on 31 January 2018, PTTEP Mexico E&P Limited, S. de R.L. de C.V. (PTTEP MEP), a wholly-owned subsidiary of PTTEP, and its consortium have been selected as the successful bidders of 2 exploration blocks from the Mexico Bidding Round as follow.

Block Area Partners’ share
12 Mexican Ridges
(Western Gulf of Mexico)
PC Carigali Mexico Operations, S.A. de C.V.* (operator) 60%
Ophir Mexico Limited 20%
29 Campeche
(Southern Gulf of Mexico)
Repsol Exploración México, S.A. de C.V.   (operator) 30%
PC Carigali Mexico Operations, S.A. de C.V.* 28.33%
Sierra Nevada E&P, S. de R.L. de C.V. 25%
PTTEP MEP 16.67%
*a subsidiary of PETRONAS

Investment in the Gulf of Mexico exploration blocks is in alignment with PTTEP’s strategy to expand exploration activities to prolific areas by partnering with experienced operators. The concession agreement signing is expected to complete within May 2018.

Please be informed accordingly.
Sincerely yours,
Somporn Vongvuthipornchai
Somporn Vongvuthipornchai
Chief Executive Officer