Thailand: PTTEP gets clearance to resume production

Thailand: PTTEP gets clearance to resume production

PTT Exploration and Production (PTTEP) has resumed its operations in areas
designated for agricultural land reform after receiving clearance from the
Department of Mineral Fuels, under the Ministry of Energy, on Monday.

The suspension of what are known as S1 operations in the land reform areas
for the 23 days to Saturday resulted in a decrease in average crude oil
sales volumes of about 15,000 barrels per day, liquefied petroleum gas sales
volumes of about 130 tonnes a day and natural gas sales volumes of about 10
million standard cubic feet per day, said the company's president and chief
executive officer, Somporn Vongvuthipornchai.

The reduction represents 0.4 per cent of PTTEP's 2017 daily sales volumes
guidance of 300,000 to 310,000 barrels of oil equivalent per day, the CEO
said.

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com