Signing of Amendment Agreement to the Yadana Export Gas Sales Agreement

abarrelfullabarrelfull wrote on 03 Mar 2015 14:25

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September 1, 2006

Reference is made to PTTEP International Limited or PTTEPI (a subsidiary of PTT Exploration and Production Public Company Limited or PTTEP), which has a 25.50% participation interest in the Yadana Project, located in the Gulf of Moattama, Myanmar. The other joint venture partners are Total E&P Myanmar, Unocal Myanmar Offshore Co., Ltd., and Myanmar Oil & Gas Enterprise (MOGE) which have 33.24%, 28.26%, and 15% participation interests respectively.

PTTEP wishes to announce that the joint venture partners (Sellers) and PTT Public Company Limited (PTT) (Buyer) signed the Amendment Agreement to the Export Gas Sales Agreement (EGSA) of the Yadana Project to increase the Daily Contractual Quantity (DCQ) from 525 million standard cubic feet per day (MMSCFD) to 565 MMSCFD (an average increase of 40 MMSCFD), effective from September 1, 2006.

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