PTTEP Granted Camobidan Block B Interest


Gulf of Thailand - SPC Block B
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PTTEP International Limited (PTTEPI), a 100%-shareholding subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), will become the Operator with a 40% participation interest in Petroleum Exploration Block B, Cambodia on the condition that it obtains approval in the Production Sharing Contract (PSC) from the Cambodian government.

PTTEP wishes to announce that the Cambodian government has granted approval for the above-mentioned PSC, and the joint venture partners, PTTEPI and Resourceful Petroleum Limited (RPL) agreed to the participation of SPC Cambodia Ltd. (SPC) (a subsidiary of Singapore Petroleum Company Limited) and CE Cambodia B Ltd. (CEL) at 30% and 10% interest respectively. The resultant new participation interest will change to: PTTEPI (the Operator) 30%, RPL 30%, SPC 30%, and CEL 10%.
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