August 21, 2014 5:39 AM ET

Oil, Gas and Consumable Fuels

Company Overview of PTTEP International Limited

Company Overview

PTTEP International Limited provides exploration and production services for petroleum in Southeast Asia. It offers crude oil and natural gas. The company is based in Bangkok, Thailand. PTTEP International Limited operates as a subsidiary of PTT Exploration and Production Public Company Limited.

555/1 Energy Complex Building A

6th, 9th – 36th floor, Vibhavadi-Rangsit Road

Kwaeng Chatuchak

Khet Chatuchak

Bangkok,  10900

Thailand

Phone:

66 2 537 4000

Fax:

66 2 537 4444

Key Executives for PTTEP International Limited

President
Age: 61
General Manager
Compensation as of Fiscal Year 2014.

PTTEP International Limited Key Developments

PTTEP International Limited Reports Drilling Results of Appraisal Wells in Myanmar Block-M3

PTTEP International Limited reported the drilling results from the four appraisal wells in Block-M3, which consists of Aung Sinkha-3, Aung Sinkha-4, Aung Sinkha-5 and Aung Sinkha-6. The company discovered quantities of gas in all four wells. Flow tests were conducted and resulted in gas flow rates of approximately 34.5 million standard cubic feet per day (MMSCFD), with associated condensate flow rates of approximately 195 barrels per day (BPD) for the Aung Sinkha-3 well. The Aung Sinkha-5 well showed gas flow rates of approximately 9 MMSCFD, while the Aung Sinkha-6 well indicated gas flow rates of approximately 14 MMSCFD and also had associated condensate flow rates of approximately 1,820 BPD. However, for Aung Sinkha-4 well, there was no gas flow shown despite gas discovery in the reservoir because the equipment for acidizing limestone reservoirs could not be prepared since this was the first well of campaign. PTTEPI plans to conduct additional drilling of appraisal wells in 2014 for potential development and production from the Aung Sinkha field. PTTEPI plans to conduct additional drilling of appraisal wells in 2014 for potential development and production from the Aung Sinkha field.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 23, 2014
Contract 4 Project and Sinphuhorm Project
 

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