Signing of Gas Sales Agreement for Blocks M9 and a part of Block M11 by PTTEP

Signing of Gas Sales Agreement for Blocks M9 and a part of Block M11
29 Jul 10
PTTEP No. 20.910/195/2010

Finance Dept.
Tel.0-2537-4512, 0-2537-4611

July 29, 2010

President
The Stock Exchange of Thailand
62 Ratchadapisek Road, Klongtoey
Bangkok 10110

Dear Sir,

Subject:  Signing of Gas Sales Agreement for Blocks M9 and a part of Block M11

Reference is made to PTTEP International Limited (PTTEPI), a 100% owned subsidiary of PTT Exploration and Production Public Company Limited (PTTEP), an operator and sole shareholder of blocks M9 and M11, located in the Gulf of Mataban, the Union of Myanmar.

PTTEP wishes to announce that on July 30, 2010, PTTEPI and Myanmar Oil and Gas Enterprise (the sellers) will sign the Gas Sales Agreement (GSA) with PTT Public Company Limited (the buyer). The key issues under the GSA are in accordance with the Heads of Agreement, reported to the Stock Exchange of Thailand in the letter of PTTEP no. 20.910/087/2008 dated June 23, 2008, under which total sales volume of gas from M9 and a part of Block M11 will be 300 million cubic feet per day (MMSCFD) (240 MMSCFD exported to Thailand and 60 MMSCFD supplied to the Union of Myanmar), The project is expected to start up its production in 2013.

This is another major achievement of PTTEP to expand production base in order to secure long term energy supply for the nation.

Yours sincerely,

Anon Sirisaengtaksin

Anon Sirisaengtaksin
President and Chief Executive Officer