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Oil Firm Eyes Indonesia for Revenue Boost.

Bangkok Post (Bangkok, Thailand)

| March 01, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Yuthana Praiwan

Mar. 1--PTT Exploration and Production Plc (PTTEP) hopes its investment in Indonesia will help it to maintain revenues this year at 29 billion baht, the same level as last year, according to president Chitrapongse Kwangsukstith.

Weakening oil prices are expected to bring down PTTEP's revenue this year after substantial growth last year.

He said the company projected sales volume this year of 113,000 barrels per day of oil equivalent, including sales from PT Medco Energy Internasional in Indonesia, in which PTTEP held a 34 percent stake.

PTTEP posted revenue of 29.31 billion baht last year, up 31 percent from the ...

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Source: HighBeam Research, Oil Firm Eyes Indonesia for Revenue Boost.