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Commencement of Zawtika Production for Natural Gas Exports to Thailand

Source: www.gulfoilandgas.com 8/6/2014, Location: Asia

Reference is made to the Zawtika Project in which PTTEP International Company Limited (PTTEPI), a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), is the operator and holds an 80% participation interest, and the other partner, Myanma Oil and Gas Enterprise (MOGE) holds a 20% participation interest. PTTEP wishes to announce that on 5 August 2014, the Zawtika Project began delivering natural gas to PTT Public Company Limited (PTT) for use in Thailand and is currently ramping up production to a rate of 240 million standard cubic feet per day (MMSCFD), which is the daily contract quantity (DCQ) as stipulated in the Gas Sales Agreement. The project began delivering natural gas for domestic use in Republic of the Union of Myanmar since March 2014, at a rate of approximately 60 MMSCFD. The Zawtika project is the largest overseas offshore producing gas field operated by PTTEP. This success marks as another important milestone for PTTEP in supplying natural gas to ensure energy security for both Thailand and Republic of the Union of Myanmar.

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