Thailand’s PTTEP secures full ownership of Block A-18 offshore gas block in MTJDA, acquiring 50% interest, enhancing energy security and growth. Acquisition from Hess International Oil Corporation for $450m increases gas production, reserves, and investment in MTJDA. Block A-18 produces 600mscf/d of natural gas, meeting 6% of Thailand’s demand.

PTTEP plans development of additional wells, platforms, and pipelines in Block A-18, ensuring stable gas supply. CEO Montri Rawanchaikul highlights the strategic significance of MTJDA for Thailand’s energy security and company’s growth. Block A-18 includes discovered gas fields awaiting development for increased operational efficiency.

MTJDA in Gulf of Thailand vital for natural gas supply to Thailand and Malaysia. Block A-18 includes fields like Cakerawala, Bumi, Suriya, Bulan, and Bulan South, while Block B-17-01 has fields like Amarit, Andalas, Jengka, and more. Production from these blocks contributes significantly to gas supply in the region.

Read more at Yahoo Finance: PTTEP acquires full control of MTJDA Block A-18, enhancing Thailand’s energy security