
PTT Exploration and Production (PTTEP) expects its oil and gas sales in 2023 to tally 456 kilo-barrels of oil equivalent per day (KBOED), down from a target of 470 KBOED, because of various factors including a production decrease at some petroleum sites.
A drop in production is likely at gas and oil fields in Malaysia during the second quarter, said Orachon Ouiyamapun, PTTEP's senior vice-president for finance, without providing further details.