PTTEP increases petroleum sales target to 398,000 barrels of oil equivalent per day by year ’21
Mr. Thanut Thamrongsaksuwit Investor Relations Manager PTT Exploration and Production Public Company Limited or PTTEP Revealed that the target has been adjusted for sales volume.petroleumIn 2021, that rose to 398,000 barrels of oil equivalent per day. Originally, the company targeted petroleum sales of 375,000 barrels of oil equivalent per day. Or an average 12% growth after the company invested 20% in the plot Oman Block 61 At the countryOman
In this regard, the Company will have an incoming cash flow from Oman Block 61 block approximately $ 200-300 million per year.United States Or approximately 6-9 billion baht according to 20% stake
The Oman Block 61 block is an onshore natural gas field with a large reserve with approximately 35% of the country’s natural gas production, or a combined natural gas production rate of approximately 1.5 billion cubic feet per day. And more than 65,000 barrels of condensate per day The conversion can develop a total gas field of up to 10.5 trillion cubic feet. Counted as a gas source That is of great importance to Oman’s gas market.
“From the epidemic situationCOVID-19 (Covid-19) Have a better direction Making sure that the gas received fromGulf of ThailandWill go into normal In addition, the oil price direction will recover to an average of 50-55 USD / barrel. Due to the recovery of the industrial sector, there is a demand for energy. Including OPEC and OPEC Plus have controls to reduce crude oil production. Causing the supply to decline, but the demand for crude oil has increased “
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