PTTEP Awarded Block M-11 Offshore Myanmar

PTTEP will sign a Production Sharing Contract to become the Operator, with 100% interest, in petroleum exploration project Block M-11, Union of Myanmar. The block is located in the Gulf of Martaban, covering a total area of approximately 7,200 square kilometers. PTTEP plans for the geological and geophysical studies, seismic surveys, and the drilling of one exploration well.

The investment is in line with the Company's overall strategy to expand overseas, to increase its petroleum reserves, and to secure petroleum supply for national energy demand.

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