Participation Interest Increase in Exploration Project – Block G4/43

abarrelfullabarrelfull wrote on 04 Mar 2015 06:55

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April 30, 2007

Reference is made to PTTEP International Limited (PTTEPI), a 100% owned subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), which has 15 % of participation interest in Petroleum Concession No. 4/2546/61 (Block G4/43) located in the Gulf of Thailand. The other joint venture partners are Chevron Offshore (Thailand) Ltd. (Chevron) and Mitsui Oil Exploration Co., Ltd. (MOECO).

PTTEP wishes to announce that PTTEPI is entitled to increase its participation interest in Block G4/43 from 15% to 21.375%. After the approvals of the Supplementary Concession, the joint venture partners will consist of Chevron, PTTEPI, MOECO and Palang Sophon Two Ltd. 51 %, 21.375%, 21.25% and 6.375% participation interests respectively.

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