Post by account_disabled on Jan 6, 2024 6:01:15 GMT
Largest onshore crude oil producer in Oman Including other projects in many countries, expanding investment opportunities in the Middle East. Mr. Phongsathorn Thavisin, Chief Executive Officer and President of PTTEP, revealed that PTTEP HK Holding Limited, a subsidiary of PTTEP, P. has signed a Share Purchase Agreement for 100 percent of Partex from the Calouste Gulbenkian Foundation. Currently, Partex has investments in the oil and natural gas business for the entire project. which are in the upstream and midstream stages, a total of 7 projects in 5 countries, namely Oman, United Arab Emirates (UAE), Kazakhstan, Brazil and Angola, with the main investments Partex's products are based in Oman and UAE. “Partex has invested in some of the largest onshore concessions in Oman for more than 80 years.
This acquisition In addition to providing an C Level Executive List opportunity for PTTEP to invest in strategic areas of the Middle East region, which PTTEP places importance on. It will also allow forging new business partnerships with the national oil companies of both Oman and the UAE. and the world's leading oil companies according to the Expand & Execute strategic plan,” Mr. Phongsathorn said. PTTEP expects the transaction to be completed by the end of this year. This will result in PTTEP's petroleum sales volume increasing by approximately 16,000 barrels per day. and proved petroleum reserves and expected reserves (Proved and Probable Reserves) increased by approximately 65 million barrels of oil equivalent. according to investment proportion Partex's investments in various countries are as follows: The PDO Block 6 Project is the largest onshore concession block with the highest petroleum potential in Oman.
It covers an area of approximately 100,000 square kilometers, or approximately one-third of the country. Its average crude oil production volume was approximately 610,000 barrels per day in 2018, or approximately 70 percent of Oman's total crude oil production. The operator of the project is Petroleum Development Oman (PDO), an operating consortium, with Partex holding a 2 percent stake in the project. The Mukhaizna Block 53 Project is a large onshore crude oil production field in Oman. The average crude oil production volume in 2018 was approximately 120,000 barrels per day. Accounting for 13 percent of the country's total production volume.
This acquisition In addition to providing an C Level Executive List opportunity for PTTEP to invest in strategic areas of the Middle East region, which PTTEP places importance on. It will also allow forging new business partnerships with the national oil companies of both Oman and the UAE. and the world's leading oil companies according to the Expand & Execute strategic plan,” Mr. Phongsathorn said. PTTEP expects the transaction to be completed by the end of this year. This will result in PTTEP's petroleum sales volume increasing by approximately 16,000 barrels per day. and proved petroleum reserves and expected reserves (Proved and Probable Reserves) increased by approximately 65 million barrels of oil equivalent. according to investment proportion Partex's investments in various countries are as follows: The PDO Block 6 Project is the largest onshore concession block with the highest petroleum potential in Oman.
It covers an area of approximately 100,000 square kilometers, or approximately one-third of the country. Its average crude oil production volume was approximately 610,000 barrels per day in 2018, or approximately 70 percent of Oman's total crude oil production. The operator of the project is Petroleum Development Oman (PDO), an operating consortium, with Partex holding a 2 percent stake in the project. The Mukhaizna Block 53 Project is a large onshore crude oil production field in Oman. The average crude oil production volume in 2018 was approximately 120,000 barrels per day. Accounting for 13 percent of the country's total production volume.
