Thai Court Ruling Hits PTTEP Output

摘要

Thailand’s PTT Exploration and Production (PTTEP) has been forced to halt output temporarily at one of its onshore concessions following a court ruling on land use, dealing a blow to the firm’s already declining volumes. PTTEP said Monday that the Supreme Administrative Court of Thailand had revoked an order from the Agricultural Land Reform (ALR) Committee, which had allowed the development of natural resources in certain areas. As a result, PTTEP said the Thai energy ministry’s department of mineral fuels had ordered all onshore concessionaires to temporarily halt petroleum operations in ALR areas. PTTEP itself ceased activities