SET Notification

First gas production of Block H Project in Malaysia

16 February 2021

PTTEP 13061/00-1385/2021                                                               
Investor Relations
Tel. +66(0) 2537 4259, +66(0) 2537 5983
16 February 2021
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
Dear Sir,
Subject: First gas production of Block H Project in Malaysia
PTTEP Sabah Oil Limited, a wholly-owned subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), and its joint venture partners would like to announce that the first phase of Block H Project development had been completed. Natural gas production, at the depths greater than 1,100 meters from Rotan and Buluh deepwater fields of the Block H Production Sharing Contract (“PSC”), has commenced on 6 February 2021, for delivering to PETRONAS Floating Liquefied Natural Gas-2 (PFLNG2) facility. The production will ramp up to a target rate of 270 million standard cubic feet per day (MMSCFD).
This milestone signifies success in the project and will strengthen PTTEP investment portfolio in Malaysia. Moreover, it also showcases offshore expertise, technological capabilities and collaboration of PTTEP, PETRONAS and joint venture partners.
The Block H Project is operated by PTTEP Sabah Oil Limited with 56 percent interest in the Rotan field and 42 percent interest in the remaining area. The joint venture partners include PETRONAS Carigali Sdn. Bhd. and PT Pertamina Malaysia Eksplorasi Produksi.
Please be informed accordingly.
Sincerely yours,
Phongsthorn Thavisin
Phongsthorn Thavisin
Chief Executive Officer