$

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
UPDATE 2-Japan's Inpex eyes Australia expansion, including via acquisitions
13 September 2019
source: reuters.com
    * Ichthys LNG could expand with gas from offshore, onshore
    * Acquisitions possible in quest for growth
    * Huge exploration campaign planned off northwest Australia

 (Adds executive's comments)
    By Sonali Paul
    MELBOURNE, Sept 13 (Reuters) - Inpex Corp  1605.T , Japan's
top oil and gas company, wants to expand in Australia at its
Ichthys liquefied natural gas (LNG) plant and through potential
acquisitions, as part of a plan to become a major regional gas
company, its Australian boss said.
    "In Australia our focus is on fully utilising our Ichthys
LNG facilities while creating a solid base for future
expansion," Inpex's president director for Australia, Hitoshi
Okawa, told Reuters in an interview on Friday.
    Inpex completed construction last year on its first LNG
project, the $45 billion Ichthys LNG project in Darwin at the
north end of Australia, and shipped its first LNG cargo last
October.
    Production at Ichthys LNG, Japan's biggest foreign
investment, has rapidly climbed towards its full capacity of 8.9
million tonnes a year (mtpa), quicker than typical for LNG
projects, especially for a company building its first one,
consultants Wood Mackenzie said.
    "The ramp-up of our operation is going very well," Okawa
said, adding that he expects to be able to declare soon that it
has reached full capacity. The original plan was to reach
plateau production within two to three years of start-up.
    As of Friday, the company had shipped 78 LNG cargoes from
Ichthys, as well as 18 liquefied petroleum gas (LPG) cargoes and
36 condensate cargoes, he said.
    While Ichthys has operated smoothly, construction of the
plant was plagued by delays, with the first LNG cargo in October
2018 nearly two years behind schedule. The project's cost blew
out by 32% to $45 billion. 
    Inpex set out in its "Vision 2040" to become a top-10 global
oil company and a major gas company in Asia and Oceania, paving
the way for expansion in Australia, alongside its three other
core areas of Japan, Indonesia and Abu Dhabi.
    Inpex has space to add four LNG production units, called
trains, at Ichthys LNG and has five points along its 890
kilometre (553 mile) pipeline from the Ichthys field to Darwin
where pipelines from new gas fields could be tied in.
    Gas for any expansion of Ichthys could come from offshore
fields or from Inpex's acreage in the promising Beetaloo shale
basin in the Northern Territory, where the company is going
through the approval process to start exploring, Okawa said.
    The company recently won approval to explore over 14,000
square kilometres in waters off northwestern Australia.
    "Our target is oil," Okawa said. "It's very large acreage.
First we'll do the seismic then we'll see what happens."
    Expansion in Australia could also involve acquisitions,
Okawa said, including potentially a stake in Thai PTT
Exploration and Production's  PTTEP.BK  Cash Maple gas field off
northwestern Australia.  urn:newsml:reuters.com:*:nL3N26210N
    "At this moment, we would not rule out any opportunity to
meet with our Vision 2040," Okawa said, when asked about the
Cash Maple opportunity.    

 (Reporting by Sonali Paul; Editing by Himani Sarkar and
Muralikumar Anantharaman)
 ((Sonali.Paul@thomsonreuters.com; +61 3 9286 1419))
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