Post by account_disabled on Dec 27, 2023 4:06:11 GMT -6
PTT Exploration and Production Public Company Limited or PTTEP by PTTEP MENA Limited together with Total E&P Oman Block 12 B. V. received Exploration and Production Sharing Agreement (EPSA) Block 12 rights from the Ministry of Oil and Gas of the Sultanate of Oman. Reinforcing the strategy to expand investment in the Middle East region, which is a strategic area. To create long-term growth for PTTEP, the essence of the contract for exploration rights and production sharing in Block 12 in Oman this time in the first 3 years of exploration (years 2020 - 2022) PT TEP Mina and Total will carry out geological and geophysical studies. 3D seismic survey and drilling of exploration wells Mr. Phongsathorn Thavisin, Chief Executive Officer and President of PTTEP, said, “Receiving the right to explore this time.
It increases the investment base in petroleum exploration in strategically Email Marketing List important areas. This is because Oman is a country in the Middle East with high petroleum potential and is suitable for investment. This will provide an opportunity for PTTEP to further expand its investment in the region to create future growth. It is also a joint investment with a partner who has long experience in Oman." In this regard, PTTEP Mina has an investment proportion of 20 percent and Total, which is the operator. It has an 80% investment in Block 12, which is a large onshore natural gas exploration block.
It has an area of approximately 10,000 square kilometers. Located in the central area of Oman. It is a key area where the Omani government is focusing on natural gas exploration, development, and production. Receiving rights to 12 onshore exploration blocks marks a further expansion of PTTEP's investment in Oman. After investing in 3 projects in Oman from the acquisition of all shares of Partex Holding B.V. in 2019, including the PDO Project (Plot 6), which is an onshore production project It is the largest and has the highest petroleum potential in Oman. The Mukhaizna Project (Block 53), a large onshore crude oil production facility, and the Oman LNG Project, the only liquefied natural gas production facility in Oman.
It increases the investment base in petroleum exploration in strategically Email Marketing List important areas. This is because Oman is a country in the Middle East with high petroleum potential and is suitable for investment. This will provide an opportunity for PTTEP to further expand its investment in the region to create future growth. It is also a joint investment with a partner who has long experience in Oman." In this regard, PTTEP Mina has an investment proportion of 20 percent and Total, which is the operator. It has an 80% investment in Block 12, which is a large onshore natural gas exploration block.
It has an area of approximately 10,000 square kilometers. Located in the central area of Oman. It is a key area where the Omani government is focusing on natural gas exploration, development, and production. Receiving rights to 12 onshore exploration blocks marks a further expansion of PTTEP's investment in Oman. After investing in 3 projects in Oman from the acquisition of all shares of Partex Holding B.V. in 2019, including the PDO Project (Plot 6), which is an onshore production project It is the largest and has the highest petroleum potential in Oman. The Mukhaizna Project (Block 53), a large onshore crude oil production facility, and the Oman LNG Project, the only liquefied natural gas production facility in Oman.