SET Notification

Investment in Exploration Block (Block12) in the Sultanate of Oman

19 February 2020

PTTEP 13061/00-1188/2020                                                                                   
Investor Relations
Tel. +66(0) 2537 4868, +66(0) 2537 5843
19 February 2020
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
Dear Sir,
Subject:              Investment in Exploration Block (Block12) in the Sultanate of Oman
PTT Exploration and Production Public Company Limited (PTTEP) would like to announce that on 19 February 2020, PTTEP MENA Limited, a wholly-owned subsidiary of PTTEP, and Total E&P Oman Block 12 B.V., a wholly-owned subsidiary of Total S.A. signed Exploration and Production Sharing Agreement (EPSA) with Oman’s Ministry of Oil and Gas (MOG) for exploration and production rights of  Block12, located onshore central part of the Sultanate of Oman, with the participation interest for PTTEP MENA Limited at 20% and Total E&P Oman Block 12 B.V. (the Operator) at 80%.

This investment in Oman exploration block is another important milestone for PTTEP to expand its international investment portfolio to the Middle East, the petroleum prolific region; and is in line with PTTEP’s strategy to broaden strategic alliance partnership with well-experienced operators.
Please be informed accordingly.
Sincerely yours,
Phongsthorn Thavisin
Phongsthorn Thavisin
President and Chief Executive Officer