PTTEP to Begin Seismic Surveys in Northeast Thailand in 2008

PTTEP plans to begin seismic surveys in the recently acquired Blocks L21/48, L28/48 and L29/48 in the northeastern part of Thailand early next year. It includes 1,200 kilometers line of 2D seismic data acquisition in some parts of Udonthani, Khon Kaen, Nakhon Ratchasima, and Chaiyaphum Provinces.

The survey will begin after the Office of Natural Resources and Environmental Policy and Planning approves the Environmental Impact Assessment (EIA) which is expected in January 2008. It will continue until April.

The Northeastern Region has high petroleum potential. In addition to the already established Nam Phong and Sin Phu Horm fields, more oil and gas discoveries in the northeast will benefit the country by helping to reduce petroleum imports and adding to national energy security. If successful, the new blocks will serve long term energy demand in the area.

PTTEP President, Mr. Maroot Mrigadat said "Firstly, the seismic surveys will be made. If we find petroleum potential in the area, we will then drill exploration wells. You can be sure that we will conduct exploration and production activities in keeping with the highest safety, security, health and environment (SSHE) standards."

PTTEP has a strong commitment to conducting exploration and production of petroleum without compromising its safety, health, and environment standards and to reducing any negative impact on the environment. Apart from ensuring that all processes meet its SSHE standards and all regulatory requirements, PTTEP also oversees the installation of safety equipment, payment of compensation and recovery plans.

Blocks L21/48, L28/48 and L29/48 cover an area of 12,000 in Udon Thani, Nong Bualamphu, Khon Kaen, Maha Sarakham, Chaiyaphum, Buriram and Nakhon Ratchasima Provinces. PTTEP Siam Limited, a subsidiary of PTTEP, is the operator with 70% share. Its partner is Resourceful Petroleum (Thailand) Limited or RPL which has 30% share.