Press Release
PTTEP signs the Supplementary Contract of Block B-17-01 in Malaysia-Thailand Joint Development Area
Malaysia -- Vinit Hansamuit, Senior Vice President for International Asset, PTT Exploration and Production Public Company Limited (PTTEP), represented PTTEP International Limited (PTTEPI) to join Mohamad Johari Dasri, CEO of Petronas Carligari (JDA) Sdn. Bhd. (PC JDA), in signing the Supplementary Contract No. 2 to the Production Sharing Contract for Block B-17-01 in Malaysia-Thailand Joint Development Area (MTJDA) with Datuk Rosli Boni, CEO of Malaysia-Thailand Joint Authority (MTJA). The objective of the contract is to increase the cost recovery in MTJDA. The signing ceremony was held recently at the MTJA office, Malaysia.
Under the contract, PTTEPI and PC JDA will be able to accelerate the exploration activity in the marginal fields in the MTJDA in order to supply petroleum to both Thailand and Malaysia.
Photo shows (from left): Utai Mongkolsawat, Manager, MTJDA Joint Venture Asset; Mr. Vinit; Datuk Rosli Boni; Mohamad Johari Dasri; and Nantasak Chenboonthai, Deputy Chief Executive Officer of MTJA.
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The information, statements, forecasts and projections contained herein reflect the Company’s current views with respect to future events and financial performance. These views are based on assumptions subject to various risks. No assurance is given that these future events will occur, or that the Company’s future assumptions are correct. Actual results may differ materially from those projected.