PTTEP gets clearance to resume production
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PTT Exploration and Production (PTTEP) has resumed its operations in areas designated for agricultural land reform after receiving clearance |from the Department of Mineral Fuels, under the Ministry of Energy, on Monday.
The suspension of what are known as S1 operations in the land reform areas for the 23 days to Saturday resulted in a decrease in average crude oil sales volumes of about 15,000 barrels per day, liquefied petroleum gas sales volumes of about 130 tonnes a day and natural gas sales volumes of about 10 million standard cubic feet per day, said the company’s president and chief executive officer, Somporn Vongvuthipornchai.
The reduction represents 0.4 per cent of PTTEP’s 2017 daily sales volumes guidance of 300,000 to 310,000 barrels of oil equivalent per day, the CEO said.
