PTT Exploration and Production Public Company Limited, or PTTEP, has informed the Stock Exchange of Thailand that its subsidiary, PTTEP International Limited, has been granted petroleum exploration and production rights with a 100 percent investment share in onshore exploration blocks L1/66 and L3/66, located in northeastern Thailand near the Sin Phu Horm project, which the company operates and which is currently producing. The exploration blocks cover areas of 3,223.51 square kilometres and 3,918.22 square kilometres respectively, totalling more than 7,000 square kilometres. A concession agreement will be signed next. The award of these rights is in line with the company's strategic plan, which focuses on investment to strengthen energy security for Thailand.
PTT Exploration and Production Public Company LimitedPTTEP's subsidiary granted 100% rights to onshore blocks L1/66 and L3/66, expanding its exploration and production portfolio near the producing Sin Phu Horm project.
PTTEP International Limited was granted petroleum exploration and production rights with a 100 percent investment share in blocks L1/66 and L3/66.
