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Investor Relations
SET Notification
Declaration of Force Majeure for Mozambique LNG Project due to security situation in Palma, Mozambique
26 April 2021
PTTEP 13061/00-3432/2021
Investor Relations
Tel. +66(0) 2537 4259, +66(0) 2537 5522
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
Phongsthorn Thavisin
Chief Executive Officer
PTT Exploration and Production Public Company Limited
555/1 Energy Complex Building A, Floors 19-36th
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Phone : 66 (0) 2537-4000
Fax : 66 (0) 2537-4444
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Copyright © PTT Exploration and Production Plc. All Rights Reserved.