26 Apr 2021

 

PTTEP 13061/00-3432/2021

                                                                                                                        
Investor Relations

26 April 2021

 

President

The Stock Exchange of Thailand

93 Ratchadapisek Road, Din Daeng

Bangkok 10400

 

Dear Sir,

 

Subject: Declaration of Force Majeure for Mozambique LNG Project due to security situation in Palma, Mozambique

 

Refer to recent security situation in the city of Palma, Mozambique, situated approximately 20 kilometres from the Mozambique LNG Project (“Project”) site, PTTEP Mozambique Area 1 Limited, a wholly owned subsidiary of PTTEP, holds 8.5% participating interest alongside ENH Rovuma Área Um, S.A. (15%), Mitsui E&P Mozambique Area1 Limited (20%), ONGC Videsh Rovuma Limited (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and TOTAL E&P Mozambique Area 1 Limitada holds 26.5% participating interest and is operator of this Project (“Operator”).

PTTEP wishes to inform that all project’s staff and contractors are safe from this situation. The Operator has evacuated all staff and contractors out of the area and handed the Project site to be under care of the Government of Mozambique. Subsequently, the Operator of the Project has declared Force Majeure for safety reason.

Nevertheless, PTTEP is closely monitoring the situation and assessing impact to this Project.

Please be informed accordingly.

 

Sincerely yours,

 

 

Phongsthorn Thavisin

Chief Executive Officer