PTTEP wins rights to explore block in Malaysia

August 26, 2016

Dateline 2016-07-21, Bangkok Post:

PTT Exploration and Production (PTTEP) has won the rights for exploration of an offshore petroleum resource block in Malaysia’s Sarawak state, according to the company’s chief executive Somporn Vongvuthipornchai.

He said the seismic survey and one exploration well would be conducted for the three-year exploration period.

PTTEP HK Offshore Ltd, a subsidiary of PTTEP; KUFPEC Malaysia and Petronas Carigali signed a production sharing contract with Petroliam Nasional Berhad (Petronas) for the exploration of the Block SK410B.