PTTEP posts net profit of US$1.846 billion

THURSDAY, JANUARY 30, 2014
PTTEP posts net profit of US$1.846 billion

PTT Exploration and Production Public Company Limited (PTTEP) group posted consolidated net profit of US$1.846 billion last year, the same to 2012's result, according to its 2013 unaudited financial statement.

The total consolidated revenues were US$7.445 billion, an increase of 6% when compared with US$7.021 billion in 2012.
The higher sales revenue was the result of increased sales volume of 292,629 barrel of oil equivalent per day (BOED) compare with sales volume of 275,923 BOED from 2012. Contributing to the increased sales were petroleum products from Bongkot Project, S1 Project, the Vietnam 16-1 Project, and PTTEP Australasia Project.
The Nation