PTTEP Withdraws Participation in Indonesian Block

PTTEP Bengara Company Limited (a subsidiary of PTTEP) has withdrawn the entire 40% participation interest from Block Bengara I, Indonesia. The withdrawal will be fully effective upon receiving approval from BPMIGAS, an Indonesian government agency.

Currently, PTTEP has another investment in an exploration project in Indonesia, Semai II, where the company and the other joint venture partners plan to drill an exploration well within 2010.