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July 16, 2011
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PTTEP Montara sales 100% of the value of sales of 195 million US dollars. This is in line with the strategic plan for investment management.
million. Somporn Wong Wuttipornchai PTT Exploration and Production Public Company (PTTAR) Yarnapund Public Company Limited, a subsidiary of PTTEP, Jadestone Energy (Eagle) Pty Ltd (Jadestone Energy (Eagle) Pty Ltd) has a sale value of $ 195 million US. The transaction will be completed in 2018. However, during this time. Can be adjusted for the trading value. As a result, working capital changed in relation to the activity before the end of the contract.
In addition, PTTEP may recognize additional sales of up to $ 160 million. With crude oil prices Production Capacity And Future Development
. This transaction will come into effect upon fulfillment of the terms of the Montara sales contract and will need to be approved by the National Offshore Oil (NOPTA) Administrator and the National Oil Safety Management Authority. and environmental (NOPSEMA). The organization of the oil safety administration and the environment The sale of the Montara portfolio is part of PTTEP's investment management, which is in line with the Refocus strategy, in Focusing on investment in strategic areas.We have expertise.Photol high potential Low cost and risk such as Southeast Asia.And the Middle East To increase reserves and generate growth for the company in the future, "Somporn said.
Source Montara. Located off the coast of Australia. Crude oil production in the first six months of 2017 at 7,694 barrels per day
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