Page 15 - AsianOil Week 43 2021

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standard cubic feet per day (MMSCFD) or 106.5%, price was adjusted upward to USD 42.34 per barrel EAST ASIA
PHM of 489 MMSCFD or 119.2%, ENI Muara of oil equivalent (BOE) from USD 39.69 per BOE
Bakau BV of 325 MMSCFD or 111.7%, JOB of the earlier year, as a result of global crude oil Sinopec will supply 27 bcm
Pertamina – Medco Tomori Sulawesi LTD of 283 price escalation.
MMSCFD or 101.7%, Premier Oil Indonesia of Total expenses for the 9-month period were of gas this winter/spring
197 MMSCFD or 109.2%, Medco E&P Natuna USD 4,453 million (equivalent to THB 140,571
of 133 MMSCFD or 111.2%, Husky-CNOOC million), up 29% from USD 3,459 million Sinopec’s preparations for natural gas supply
Madura LTD of 100 MMSCFD or 100.3% (equivalent to THB 108,762 million) last year. in this winter and next spring are being
and Pertamina Hulu Energi ONWJ LTD of 68 The increase was mainly from recognition of oil carried out in an orderly manner. The heating
MMSCFD or 109.5%. price hedging losses and assets write-off for the season plans to supply 27 billion cubic meters
SKK MIGAS, October 25, 2021 exploration projects in Brazil. of natural gas to the market, contributing
According to the aforementioned factors, petrochemical power to ensure the warmth of
PTTEP post 9M profit PTTEP’s net profit for the first nine months of 2021 the people through the winter.
reported at USD 890 million (equivalent to THB
Since the beginning of this year, Sinopec has
$890mn 28,218 million), an increment of 39% from USD resolutely implemented the spirit of the Party
639 million (equivalent to THB 20,137 million) for
Central Committee and the State Council’s
PTTEP reported robust growth of the first the same period of 2020. The unit cost decreased requirements for deepening the reform of the
9-month financial performance with net to USD 28.18 per BOE compared to USD 30.29 oil and gas system and vigorously increasing
income of USD 890 million, due to higher per BOE for the first 9-month period last year, as a the intensity of oil and gas exploration and
petroleum sales volume and higher average result of effective cost management, coupled with development, and speeding up the construction
selling price following the rally of global crude the commercial production start-up of Malaysia of a natural gas production, supply, storage
oil price. The company has again revised up Block H and the acquisition in Oman Block and marketing system, in accordance with the
2021 target sales volume to 417,000 barrels of 61, which the unit costs are quite competitive. principle of “politics, consideration of the overall
oil equivalent per day (BOED). Earnings before Interest, Taxes, Depreciation and situation, and protection of people’s livelihood” ,
Montri Rawanchaikul, Chief Executive Officer Amortization (EBITDA) margin stood at 74%, Coordinating natural gas resources at home and
of PTT Exploration and Production Public aligned with the company’s target. The financial abroad, effectively guaranteeing people’s livelihood
Company Limited (PTTEP), disclosed that for the position as of the end of this third quarter remained gas demand, and making every effort to ensure the
9-month period of 2021, the company generated solid. supply of heating during the season.
total revenues of USD 5,331 million (equivalent For the third quarter’s performance, PTTEP We will do our best to comprehensively adjust
to THB 168,409 million), increasing by 31% from posted total revenues of USD 1,784 million and finely manage the main gas fields such as
USD 4,082 million (equivalent to THB 128,369 (equivalent to THB 58,752 million), rising by 37% Puguang, Yuanba, Fuling, Daniudi, and maintain
million) for the same period last year. The growth comparing with USD 1,305 million (equivalent stable production of self-produced gas. It plans to
was primarily from the improvement in average to THB 40,887 million) for the same period last supply 13.24 billion cubic meters of natural gas,
sales volume to 414,516 BOED, a 20% increase year. Net profit was recorded at USD 292 million a year-on-year increase of 3%. Various sources
from 344,909 BOED last year. This was attributed (equivalent to THB 9,545 million), a 27% increase of overseas LNG imports will be raised. The new
to the acquisition in Oman Block 61 and the gas from USD 230 million (equivalent to THB 7,202 Qatar long-term contract will be signed in January
production from Malaysia Block H, adding to sales million) a year ago. These were also driven by 2022. At the same time, it will actively carry out
volume since the first quarter of this year, coupled higher average sales volume and average selling spot resource procurement to consolidate the
with higher gas nomination from projects in the price. foundation for guaranteeing supply.
Gulf of Thailand. Meanwhile, the average selling PTTEP, October 28, 2021 SINOPEC, October 26, 2021

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