PTTEP slashes capex 40 on Mozambique delay

摘要

Singapore—Thailand’s state-owned upstream producer PTT Exploration and Production has cut its 2017 capital expenditure by 40% following a delay in the final investment decision on the Mozambique Rovuma Offshore Area 1 project, operated by US-based Anadarko, a PTTEP source said Tuesday. “Originally, it was planned for late 2016, but Anadarko has since moved the FID date,” the source added.