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Thailand

Project Summary:Block B6/27

In December 2007, NOEX entered into Farmout Agreement with PTTEP Siam Limited, a subsidiary of PTT Exploration and Production Plc, for the acquisition of a participating interest in the Thai petroleum concession for block B6/27 in the Gulf of Thailand. This acquisition is NOEX's first oil and gas exploration project in Thailand.

JV Participants and Interests

Company Holding the Acreage JX Nippon Oil & Gas Exploration Corporation
Project Status Exploration
Interest 40.0%
Partners
(Interest)
◎PTTEP Siam (60.0%)

Note: ◎ operator

Application of NOEX's Technological Expertise

Application of NOEX's Technological Expertise

The block contains oil fields of unconventional petroleum bearing reservoirs similar to the reservoirs of fractured granite basement rock. NOEX will apply its own technologies acquired through the operations in Vietnam to improve the efficiency of crude oil production at the Nang Nuan oil field in the Block B6/27, and to conduct exploration activities within the block.

Project History

JX Nippon Oil & Gas Exploration Corporation

2007 December Acquired Block B6/27, offshore Thailand