Category Archives: Myanmar

PTTEP divests 50% participating interest in Myanmar MD-7 project

March 09, 2017 01:00 By THE NATION PTT EXPLORATION and Production has entered a partnership agreement with Total E&P Myanmar to divest its 50-per-cent participating interest in the Myanmar MD-7 Project, while PTTEP remains the operator of the project. The … Continue reading

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Chevron says no plan to exit Thailand, may keep stake in Myanmar gas field

Aug 19, 2016 REUTERS Chevron is committed to its Thailand investments despite job cuts that have spurred rumours of the U.S. oil major’s exit, and may keep a Myanmar gas field stake if no attractive offer is made for the … Continue reading

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Oil Rout Casts Doubt On Woodside’s Key LNG Project

Tue Feb 16, 2016 7:39pm EST * Year net profit slumps 99 pct on writedowns * Core profit halved to $1.1 bln, beats forecasts * Browse LNG cost cuts offset by weak oil price * Woodside shares down 3.4 pct … Continue reading

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PTTEP earmarks $3.3 bn for Myanmar

The Nation September 17, 2014 1:00 am Investment budget set till end-2018 as energy giant celebrates 25th year in neighbouring country PTT Exploration and Production (PTTEP) will invest a total of US$3.3 billion (Bt106.4 billion) in Myanmar through to the … Continue reading

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Thai PTTEP cuts 5-year investment budget, sales forecast

REUTERS Wed Mar 5, 2014 1:43am EST * PTT sees 2014 revenue up 4 percent * PTTEP to invest $25 billion in next 5 years * Aims to list refinery SPRC, power unit in H2 * PTTEP petroleum sales seen … Continue reading

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Offshore oil and gas exploration block winners announced: Ministry of Energy

By ALEX BOOKBINDER  26 March 2014 Burma’s Ministry of Energy announced the winners of 20 offshore oil concessions – ten shallow-water, ten deep-water – on Wednesday, the results of the country’s first open exploration and production tendering process for offshore resources. An … Continue reading

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PTTEP reveals 2013 achievement and five-year plans

PTTEP Newsroom 07 Jan 14 Increase sales volume to 292,000 barrels of oil equivalent per day or a rise of 6% Accelerated development plan to increase our proved reserves life (R/P) to 10 years Invests over USD 27,000 million in … Continue reading

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