PTTEP to Increase Production from Arthit North Project

PTTEP has agreed in principle with PTT Public Company Limited to produce an additional 120 mmscfd of natural gas from the northern area of Arthit Project (Arthit North Project) in order to meet the increasing natural gas demand in Thailand. PTTEP will be the operator and the sole shareholder of the Arthit North Project.

PTTEP is the operator of Arthit Project with 80%. The other joint venture partners are Chevron Thailand Exploration and Production, Ltd. and Mitsui Oil Exploration Co., Ltd. with 16% and 4% participation interests respectively.