Mitihoon – Bangkok, October 30, 2025 – PTTEP announced its performance for the nine months of 2025, continuing to expand strategic investments in the focused areas to foster long-term growth and bolster national energy security. The company is also advancing Thailand’s first Carbon Capture and Storage (CCS) project at the Arthit field in support of the national net-zero greenhouse gas emissions target. Over the nine-month period, PTTEP contributed over THB 43,700 million to the government through royalties and taxes, to drive national development and enhance the well-being of Thai people.
Mr. Montri Rawanchaikul, Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), revealed that in the third quarter of 2025, PTTEP expanded its investment by acquiring a 50% participating interest in the Malaysia–Thailand Joint Development Area (MTJDA) A18 project. This project is a key natural gas field that plays a vital role in strengthening Thailand’s energy security, supplying energy for power generation in the southern region. Its current production is approximately 600 million standard cubic feet per day (MMSCFD), half of which supplied to Thailand, accounting for 6 percent of the country’s domestic gas demand. This investment immediately enhances PTTEP’s revenue, sales volume, and petroleum reserves.
In Africa, PTTEP has completed the acquisition of an interest in the Algeria Touat Project, resulting in an indirect participation of 22.1% in the project. The project currently produces approximately 435 MMSCFD of natural gas with potential for future capacity expansion. This investment also immediately increases PTTEP’s natural gas production and petroleum reserves.
In Thailand, PTTEP has reached the Final Investment Decision for the CCS project at the Arthit gas field, marking a concrete step toward advancing the country’s net-zero goal. This project is designed to capture and store up to 1 million tonnes of carbon dioxide per year and is expected to commence in 2028, without affecting gas production at the Arthit field. It will also serve as a pilot initiative to demonstrate and promote the broader CCS implementation in Thailand, including CCS business in the northern Gulf of Thailand (Eastern Thailand CCS Hub).
To further build knowledge and expertise as a foundation for the research, development, and application of CCS technology across Thailand, PTTEP has partnered with the Department of Mineral Fuels to provide funding to 9 projects from 7 leading academic and research institutions, encompassing the CCS value chain. It represents a collaborative effort among the public sector, private sector, and academia to advance the country’s CCS knowledge and capabilities. This initiative aims to support Thailand’s net-zero greenhouse gas emissions goals.
“As part of its strategic plan, PTTEP is set to accelerate the Final Investment Decision on overseas projects. These include the second phase of the Algeria Hassi Bir Rekaiz Project, the Abu Dhabi Offshore 2 Project—Waset area, and Malaysia greenfield projects. Each of these projects offers significant long-term production potential, and collectively, they will reinforce the company’s growth and resilience for the future.” said Mr. Montri.
For the 9-month financial performance, PTTEP generated a total revenue of THB 220,503 million (equivalent to USD 6,659 million). The average petroleum sales volumes stood at 499,925 barrels of oil equivalent per day, representing a 3 percent increase compared to the same period in 2024. This growth was primarily driven by domestic projects such as the G1/61 Project, which achieved production ramp-up to 800 MMSCFD since March 2024 and the MTJDA A18 Project, whose acquisition was completed in July 2025. Meanwhile, the average selling price decreased in line with global crude oil prices to USD 44.27 per barrel of oil equivalent. Therefore, the company recorded a net profit of THB 42,761 million (equivalent to USD 1,288 million) for the nine-month period of 2025.
Contribution over THB 43,700 million for national development
During the nine-month period this year, PTTEP paid over THB 43,700 million of income tax, royalties and other remunerations to the government. This strongly supports national development in various areas such as community, education, and research & development (R&D). While the profit sharing from petroleum production in G1/61 and G2/61 Projects, under the Production Sharing Contract (PSC), directly contributes to government revenue for national development.
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