Bangkok, July 31 – PTTEP net profit in the first half of 2023 totaled 1,180 million dollars, interim dividend of 4.25 baht per share, contributing revenue to the government to develop the country approximately 42 billion baht, increasing the G gas production rate. 1/61 according to the target, alleviating the impact on energy costs for the people and the development of new forms of energy “Green Hydrogen”
Mr. Montri Lawanchaikul Chief Executive Officer of PTT Exploration and Production Public Company Limited or PTTEP revealed that in the first half of this year The company has made progress in both exploration and production business and new business. The natural gas production rate in the G1/61 project (Erawan, Platong, Satun, Funan fields) can be increased to 400 million cubic feet per day. At the end of the second quarter, according to the plan, in response to the government’s approach to reducing the impact of energy costs on the people. Including accelerating the drilling of production wells. Four more wellhead platforms will be installed within this year to increase gas production to 800 million cubic feet per day. in April 2024 according to the conditions of the production sharing contract
In addition, the Company has won the bidding for two other exploration and production blocks in the Gulf of Thailand, round 24, namely Block G1/65 and Block G3/65, which are close to the projects that the Company is already operating. If petroleum deposits are discovered will be able to drive project development faster This will help promote economic development and create benefits for Thailand in the future.
Regarding investment progress in new businesses, PTTEP and 5 world-class alliances won the concession to develop a large-scale green hydrogen production project in the concession block Z1-02, Sultanate of Oman It aims to produce green hydrogen in 2030 at a rate of approximately 220,000 tons per year. which is clean energy To achieve the goal of being a low-carbon organization and create sustainable growth
As for the implementation of the Net Zero Greenhouse Gas Emissions by 2050 goal, PTTEP has reduced the accumulated greenhouse gas emissions by approximately 1.9 million tonnes of carbon dioxide equivalent. from the base year 2020 through investment management in low-carbon petroleum exploration and production projects Proper well management Including the preparation of various greenhouse gas reduction projects such as reusing excess gas from the petroleum production process. production process improvement Energy Efficiency and using renewable energy, etc.
For the operating results for the first 6 months of 2023, PTTEP has total revenues of US$ 4,359 million (equivalent to 148,932 million baht), with the average sales volume of petroleum this year at 452,799 barrels. equivalent to crude oil per day slightly up from 446,519 barrels of oil equivalent per day. in the first half of 2022, most of which will come from domestic petroleum production, including the G1/61 Project, Arthit Project and the Thailand-Malaysia Joint Development Area (MTJDA). As for the selling price of the product, the price dropped in line with the crude oil price in the world market. in the first half The company therefore earned a net profit of 1,180 million US dollars (equivalent to 40,321 million baht) and maintained unit cost at 26.24 US dollars per barrel of oil equivalent. It has a margin before interest, tax, depreciation and amortization of 75 percent.
from such performance The Board of Directors of the Company on July 31, 2023 resolved to approve the interim dividend payment. For the operating results for the first six months of 2023 at 4.25 baht per share, the record date for shareholders’ right to receive dividends is set for August 16, 2023 and the dividend payment will be made on August 29, 2023.
In the first half of 2023, PTTEP was able to deliver revenue to the government. Which is in the form of income tax, royalty, production bonuses and other benefits of approximately 42,000 million baht to develop the country in various areas such as community development, education and research and development, etc. – Thai News Agency
Source: Thai News Agency