Resumption of S1 operations in areas of the Agricultural Land Reform
27 Jun 2017
PTTEP 13061/00-5074/2017
Investor Relations
Tel. 0-2537-5919, 0-2537-5304, 0-2537-5779, 0-2537-4446
27 June 2017
President
The Stock Exchange of Thailand
93 Ratchadaphisek Road, Dindaeng
Bangkok 10400
Dear Sir,
Subject: Resumption of S1 operations in areas of the Agricultural Land Reform
Reference: Letter No. PTTEP 13061/00-4750/2017, dated 5 June 2017
Reference is made to the order of the National Council for Peace and Order No. 31/2017 on the use of the agricultural land under the Law on Agricultural Land Reform as announced in the Royal Thai Government Gazette on 23 June 2017 to grant the authority to the Agricultural Land Reform Committee for the allowance on the use of the Agricultural Land Reform areas for any purposes other than agriculture until further notice.
PTT Exploration and Production Public Company Limited (PTTEP) would like to inform that PTTEP has resumed the operations in the areas of the Agricultural Land Reform immediately after receiving the notification letter from the Department of Mineral Fuels of the Ministry of Energy (DMF) on 26 June 2017.
The temporary suspension of S1 operations in the areas of the Agricultural Land Reform for the past 23 days (during 3 – 25 June 2017) resulted in the decrease of average crude oil sales volumes at approximately 15,000 barrels per day, liquefied petroleum gas (LPG) sales volumes at approximately 130 tons per day and natural gas sales volumes of approximately 10 million standard cubic feet per day which accounts for 0.4% of 2017 PTTEP’s daily sales volumes guidance of 300,000 – 310,000 barrels of oil equivalent per day.
Sincerely yours,
Somporn Vongvuthipornchai
Somporn Vongvuthipornchai
President and Chief Executive Officer