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PTTEP to explore petroleum blocks off Burma.
Aug. 4--PTT Exploration and Production Plc (PTTEP) will spend US$23 million over the next six years to explore petroleum reserve in Burma's Gulf of Martaban according to president Maroot Mrigadat.
PTTEP will sign a production sharing agreement with the Rangoon government on Saturday to invest in offshore petroleum exploration blocks M-3 and M-4 as the operator with a 100 percent interest.
The two petroleum blocks, located in the Gulf of Martaban, covering an area of about 18,000 square kilometres.
In the first four years to 2008), Mr Maroot said, PTTEP expected to spend around $13 million for geological and geophysical studies, seismic surveys ...
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- PTTEP to explore petroleum blocks off Burma.
- Newspaper article from: Knight Ridder/Tribune Business News August 4, 2004 700+ words
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...transaction would increase PTTEP's production by as much as...year. The blocks are close to PTTEP-held blocks G4/43. "We...block is now being appraised. PTTEP shares closed yesterday on...million baht. To see more of the Bangkok Post, or to subscribe to the newspaper...
- PTTEP studying Oman and Libya.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) October 3, 2005 700+ words
...recently discovered. In Algeria, PTTEP Algeria Co in partnership with...for Blocks 433A and 416A. PTTEP controls a 35 percent stake...project. Mr Maroot said that PTTEP had set an overseas investment...years. To see more of the Bangkok Post, or to subscribe to the newspaper...
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