PTT Exploration and Production Public Company Limited Reports Earnings Results for the Full Year of 2017; Provides Capital Expenditure Guidance for the Full Year of 2018
For the full year of 2018, the company expects allocated total expenditure at USD 3,103 million (equivalent to THB 105,510 million), of which USD 1,771 million (equivalent to THB 60,227 million) is capital expenditure and the remaining USD 1,332 million (equivalent to THB 45,283 million) is operating expenditure. This year's CAPEX will be mostly spent to maintain the production level at 302,000 BOED, primarily focusing on increasing crude oil and condensate production volumes.