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PTTEP

PTT EXP & PROD
PTTEP.BK
Last Price
134.50
09:38 GMT / 17 JUL 2019
Value Change [%]
-1.50
[(-1.10%)]
Volume
9,606,700
Open
135.00
Day's High
135.50
Year's High
160.00
Previous Close
136.00
Day's Low
133.50
Year's Low
110.50
Earnings Per Share
9.38
P/E Ratio
14.49
Lot Size
100
Div. Yield (%)
3.68
Dividend
5.00
Div. Pay Date
11 APR 2019
Ex-Div. Date
12 FEB 2019
Last Trade
134.50
Last Trade Time (GMT)
09:38
Last Trade 2
133.50
Last Trade 3
134.00
Volume
9,606,700
Turnover
1,293,842
Bid
134.00
Bid Size
219,000
Ask
134.50
Ask Size
167,800
Close Bid
134.00
Close Ask
134.50
aseanexchanges
@aseanexchanges

PTT Exploration and Production Public Company Limited is a Thailand-based company engaged in the exploration, extraction, production and development of petroleum products. It produces crude oil, condensate, natural gas and liquefied petroleum gas (LPG). The Company is also engaged in petroleum-related businesses, such as jetty, bulk tank, wharfing service and warehouse management. It owns and operates a gas transportation piping system. It has 51 subsidiaries and 15 affiliated companies. As of December 31, 2010, the Company and its subsidiaries averaged 304,023 barrels of oil equivalent per day (BOED), and had investments in 44 exploration and production projects in 13 countries worldwide. Its projects include gas projects in Oman and Myanmar, as well as oil projects in Vietnam and Australasia. Natural gas contributes to 70 percent of its total Sales.

  • Market News
Thai energy ministry sets March target to resolve Chevron dispute
8 October 2019
source: reuters.com
    By Patpicha Tanakasempipat
    BANGKOK, Oct 8 (Reuters) - Thailand's energy ministry said
on Tuesday it had set a March target to resolve a $2 billion
dispute with U.S. oil and gas major Chevron Corp  CVX.N  and
would make the "utmost effort" to reach a deal after the company
halted arbitration. 
    The dispute resulted from a retroactive Thai law in 2016
requiring gas field operators to pay the costs of
decommissioning assets they have installed even if they no
longer operate them.
    "This negotiation will require our utmost effort because it
concerns national interests," permanent-secretary Kulit
Sombatsiri told Reuters. 
    "We have up to 180 days to work it out," Kulit said, adding
that the time frame was stipulated by law. 
    It was not immediately clear if Chevron had agreed to the
180-day time frame, and a spokesman could not immediately
comment on Tuesday. 
    Reuters reported late last month Chevron had suspended the
arbitration process for a matter of "weeks", adding it would
revert back to it if talks with Thailand failed.  urn:newsml:reuters.com:*:nL2N26H06J 
    Kulit, in charge of leading negotiations from the ministry
side, said he could not reveal details of ongoing talks, but
Thailand was ready to enter the arbitration process if needed. 
    "Now we have a truce. We'll see what happens if war starts
again, but for now, we don't want to provoke or do anything that
will adversely affect the negotiations," he told Reuters.  
    Chevron objected to a June request by Thailand's energy
ministry to pay the full decommissioning costs of around $2
billion for infrastructure in the Erawan gas field, including
still usable assets it will transfer free of charge to Thai
state oil firm PTT Exploration and Production Pcl  PTTEP.BK 
when its concessions expire in April 2022. 
    The company argued that under the terms of its initial
contracts from 1971, it was only liable for infrastructure
deemed no longer usable. 
    The dispute has implications for France's Total SA  TOTF.PA 
and Japan's Mitsui & Co  8031.T , which also have stakes in
soon-expiring offshore energy concessions in the Gulf of
Thailand. 
    Ministry officials estimated the decommissioning costs for
some 50 assets in the Bongkot field, operated by PTTEP and
Total, are worth around $1 billion. 
    In the Erawan field, Chevron and Mitsui & Co operate some
200 assets, estimated to cost around $2 billion to remove. 

 (Reporting by Patpicha Tanakasempipat. Editing by Kay Johnson
and David Evans)
 ((Patpicha.Tanakasempipat@thomsonreuters.com; +6620802303 / or
mobile +66818317884; Reuters Messaging:
patpicha.tanakasempipat.thomsonreuters.com@reuters.net))
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