PTTEP earns in 2021 over 3.88 billion baht, pays a dividend of 5 baht per share.
Date 27 Jan 2022 time 20:05
PTTEP expects 2022 petroleum sales to reach 4.67 hundred thousand barrels per day. Reiterating the important mission of accelerating the production of gas in the Erawan field as promised, while in the year’21 revenue of 234 billion baht
Mr. Montree Lawanchaikul Chief Executive Officer, PTT Exploration and Production Public Company Limited (PTTEP), disclosed the operating results in 2021, the Company’s average petroleum sales volume increased to 416,141 barrels of oil equivalent per day. or an 18 percent increase compared to 354,052 barrels of oil equivalent per day last year. In 2021, the average product selling price increased from the increase in crude oil prices in the world market, resulting in a total revenue of USD 7,314 million in 2021 (equivalent to 234,631 million baht). 37 percent increase from 2020
while the company has more expenses from non-operating items. (Non-recurring items) mainly from the impairment of assets (Impairment) in the project of the Mozambique Area 1 project from the adjustment of the development plan. Due to the unrest in Mozambique, as well as losses from oil price hedging, the 2021 net profit was $1,211 million (equivalent to 38,864 million baht), an increase of 68% from 2020.
However, from the above results The Board of Directors on January 27, 2022 approved the proposed dividend payment for the year 2021 at 5 baht per share. PTTEP has already paid for the first 6 months at the rate of 2 baht per share on August 27. 2021, the remaining 3 baht per share will determine the date for the right to shareholders (Record Date) to receive the right to receive dividends on February 11, 2022 and will be paid on April 18, 2022 after being approved by the meeting. Shareholders for the year 2022 already
For this 2022 plan, the company forecasts average sales volume for the 1st quarter of 2021 and the full year 65 at 4.36 hundred thousand barrels per day and 4.67 hundred thousand barrels per day, respectively, with growth rates from 2021, focusing on the transition process. Through the operation in Block G 1/61 or the Erawan field The company will be the operator (Operator) in April. for the production of gas to the country smoothly when entering the operator The company will try to make the rate of natural gas production. which has continued to decline now rising to reduce the impact that will occur on Thailand’s gas demand
Overseas plans It will begin production for the first time in the Algeria Hassi Bir Rekaiz project soon, as well as accelerate the development of various petroleum fields. The survey companies found in Malaysia. It is also studying the feasibility of Carbon Capture Storage (CCS) projects in the Gulf of Thailand as a policy aimed at becoming a low-carbon organization in the future.
