PTT Exploration and Production Public Company Limited (SET: PTTEP) on Wednesday informed the Stock Exchange of Thailand that PTTEP HK Offshore Limited (PTTEP HKO), a wholly-owned subsidiary of PTTEP Group, and SapuraOMV Upstream (Sarawak) Inc. are awarded the exploration Block SB412, which is located offshore northwest of Sabah, covering an area of approximately 15,914 square kilometers, from the Malaysia Bid Round 2021.
The consortium has signed a Production Sharing Contract (PSC) with Petroliam Nasional Berhad (PETRONAS), with the participation interests for PTTEP HKO at 60% (the operator) and SapuraOMV at 40%.
This achievement aligns with PTTEP’s investment strategy, driving growth in strategic focus areas and further strengthening the company’s portfolio in Malaysia.
