PTTEP Sees 6% Rise in 2021 Sales Volume
Jan 29, 2021 5:41:am
Summary The company expects additional sales volume from Sabah H and Algeria Hassi Bir Rekaiz projects that will start production during the year.
by: Shardul Sharma
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PTTEP Sees 6% Rise in 2021 Sales Volume
Thai state-run PTTEP expects its 2021 sales volume to increase by 6% year/year to 375,000 barrels of oil equivalent/day, it said on January 28. Part of the volume addition will be from the production start-up of Algeria Hassi Bir Rekaiz project and Malaysia project – Block H.
PTTEP has set aside total expenditure at $4.19bn for 2021. “The key business objectives are to maintain production plateau of the existing projects, accelerate the development of major projects in enhancing production volume and proceed exploration activities for supporting long term growth,” it said.