Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • PTTEP completes the acquisition of Shell’s stake in Bongkot field, Ready for the bidding to maintain energy security for Thailand
    édité le 21/06/2018 - Plus de news de "PTTEP" - Voir la fiche entreprise de "PTTEP"


PTTEP completes the acquisition of Shell’s stake in Bongkot field, Ready for the bidding to maintain energy security for Thailand
PTT Exploration and Production Public Company Limited (PTTEP) announced the acquisition completion of 22.2222% stake in the Bongkot field from Shell affiliates, after the Supplementary Petroleum Concession has been signed by all parties today, resulting in increasing PTTEP’s stake in the Bongkot field to 66.6667%. The acquisition was approved by Thai cabinet on 5 June 2018, after the signing of the Agreement for the Assignment and Transfer in January 2018.

The acquisition represents a strategic fit to PTTEP growth strategy in expanding its investments through Merger and Acquisitions (M&A) to add petroleum reserves in both near and longer terms. With this transaction, the company’s sales volume will be increased by approximately 35,000 barrels of oil equivalent per day (BOED). This deal is also an important step for PTTEP to show its strong commitment for the bidding to continue operatorship in Bongkot field to maintain energy security for Thailand.

“Operating the Bongkot field for 20 years has enhanced our expertise and experiences in gas fields in the Gulf of Thailand with competitive operating cost and ultimately deliver greater benefits to the country. We are confident that we will be able to maintain the continuity of natural gas supply for Thailand. As we stand firm to our commitment to maintain energy security for Thailand, PTTEP, as a prudent Thai operator, will definitely participate in the bidding of Bongkot and Erawan fields,” said Somporn Vongvuthipornchai, Chief Executive Officer of PTTEP.

Apart from the participation in the expiring concessions bidding, PTTEP is also seeking for new investments, focusing on producing assets or those in the final stage of development in Southeast Asia and the Midlle East which is in line with the company’s strategic plan.

About the Bongkot Project

The Bongkot Project, consisting of Block B15, B16, B17 and G12/48, is the natural gas field in the Gulf of Thailand operated by PTTEP with 66.6667% stake, while the remaining stake is owned by Total (33.3333%), a major French oil and gas company. Current sales volume is approximately of 841 million cubic feet per day of natural gas and 27,000 barrels per day of condensate (as of the end of Q1/2018). This gas field is a vital source of energy supply for electricity generation, accounting for approximately 30% of domestic natural gas output.

PTTEP’s operational capability in the Bongkot Project, the first offshore gas field operated by a Thai oil and gas company, clearly demonstrates competency of Thais in operating exploration and production assets at an international standard.

Moreover, natural gas derived from Bongkot also creates an extensive value chain for Thai petrochemical industry and Thai economy for many years, as it is an important raw material for petrochemical industries, including LPG which is widely used in other industries and households.

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.

About PTTEP

PTT Exploration and Production Public Company Limited (PTTEP), a subsidiary of PTT Public Company Limited, is a Thai petroleum exploration and production company dedicating itself to providing a sustainable petroleum supply to Thailand and the countries it operates in. As of December 31, 2017, PTTEP had exploration and production projects in 10 countries worldwide. The Company continues to ensure energy sustainability by implementing both a new long-term organizational strategy and a business plan that will support its aspiration to become a leading exploration and production company in Asia.

About Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.


Origine : Communiqué PTTEP

Voir la fiche entreprise de "PTTEP"



Les dernières news de "PTTEP"

 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi adnoc aker-solutions algeria algerie algerie alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi cgg chevron china chiyoda cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engie engineering eni equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gtt gulf-of-mexico hess india indonesia inpex iraq jacobs jgc kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pdvsa pemex petoro petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill senegal shah-deniz shale-gas shell sinopec socar sonatrach south-stream statoil subsea subsea-7 tap technip technipfmc texas total transocean tullow turbine ufip uk vallourec vessel vopak well wintershall wood-group woodside



Europétrole © 2003 - 2020