Friday, April 29, 2011

Thai PTTEP to end exploration in Myanmar's Block M4

BANGKOK, April 29 | Thu Apr 28, 2011 10:04pm EDT
(Reuters) - Thailand's PTT Exploration and Production :
* Says its PTTEP International Ltd subsidiary is pulling out of Exploration Block M4 in Myanmar after completing exploration work.
* The termination will be effective from May 1, 2011.
* PTTEP currently has investments in three other exploration projects, Myanmar M3, M7 and M11, in Myanmar, one development project, Myanmar Zawtika, which is expected to begin production in 2013, and two joint venture projects in production phase, Yadana Project and Yetagun Project. (Reporting by Ploy Ten Kate; Editing by Alan Raybould)