Investment in Exploration Blocks SK417 and SK438 in Malaysia
30 Mar 2018
PTTEP 13061/00-1403/2018
Investor Relations Tel. 0-2537-5919, 0-2537-5304, 0-2537-5779, 0-2537-4446, 0-2537-4000 ext. 800-7374
30 March 2018
President
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
Dear Sir,
Subject: Investment in Exploration Blocks SK417 and SK438 in Malaysia
PTT Exploration and Production Public Company Limited, or PTTEP wishes to announce that on 30 March 2018, PTTEP HK Offshore Limited (Malaysia Branch) or PTTEP HKO, a wholly-owned subsidiary of PTTEP and PETRONAS Carigali Sdn. Bhd. (PCSB) signed Production Sharing Contracts with Petroliam Nasional Berhad (PETRONAS) for exploration and production rights of 2 blocks located in the shallow water of offshore Malaysia, as a result of winning the PETRONAS 2017 Exploration Bidding Round.
The consortium consists of PTTEP HKO (the Operator) and PCSB with participating interests of 80% and 20% respectively.
This investment in Malaysia exploration blocks is in line with PTTEP’s strategy to expand investment into areas of expertise with high petroleum potential.
Sincerely yours,
Somporn Vongvuthipornchai
Somporn Vongvuthipornchai
Chief Executive Officer