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PTT's Petroleum Exploration Unit Buys Two Burma Concessions.
Byline: Yuthana Praiwan
Nov. 6--PTT Exploration and Production Plc (PTTEP), the petroleum exploration subsidiary of PTT Plc, has acquired two natural gas exploration and development offshore concessions in Burma's Gulf of Martaban.
Both concessions are located between Yadana and Yetagun, two other oilfields in which PTTEP has concession rights. It pumps a combined total of 700 million cubic feet of gas per day to supply Thailand for electricity production from the fields.
Burma is scheduled to grant the exploration rights to PTTEP on Nov 12 in Pagan at a meeting of leaders of Burma, Cambodia, Laos and Thailand to discuss regional trade and ...
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