PTTEP Awarded Blocks L53/43 & L54/43

PTTEP has been awarded the rights for concession blocks L53/43 and L54/43 located onshore Thailand. Both blocks, in which PTTEP will be the operator with 100 percent participation interest, have oil potential.

The locations are in Suphan Buri province, adjacent to the PTTEP1 project, which is currently under production.

Block L53/43 covers and area of 3,968 square kilometers and Block L54/43 covers an area of 3,987 square kilometers. The blocks were awarded as part of the 18th Petroleum concession Bidding Round held by the Thailand Department of Mineral Fuels.