PTTEPNews · 2026-04-30 00:00

PTTEP announced strong Q1 2026 results, increasing domestic natural gas production to a record high and making a Final Investment Decision for Malaysia SK405B.

PTTEP reported robust first-quarter 2026 performance, boosting natural gas output from Thai projects to maximum levels and approving final investment for the Sirung and Chenda fields in Malaysia.

This strategic move enhances Thailand's energy security amidst global volatility and diversifies PTTEP's upstream portfolio with new international production.

Fast Facts

·Q1 2026 Revenue: 78,841 million THB (2,491 million USD)
·Q1 2026 Net Profit: 11,835 million THB (376 million USD)
·Average petroleum sales: 553,369 BOED (Q1 2026), up 14% YoY
·Domestic gas production: ~2,720 MMSCFD (above DCQ of ~2,500 MMSCFD)
·Key domestic gas projects: Arthit, MTJDA B17-01, Contract 4, G2/61
·FID project: Sirung and Chenda fields, Malaysia SK405B
·Malaysia SK405B expected production: ~15,000 bbl/day crude oil
·Malaysia SK405B first oil expected: 2028
·Government revenue contribution (Q1 2026): >7,300 million THB

Oil & Gas

Power Generation

Petrochemicals

People Mentioned

Montri Rawanchaikul

Chief Executive Officer at PTTEP Public Company Limited

Source

PTTEP announced strong Q1 2026 results, increasing domestic natural gas production to a record high and making a Final Investment Decision for Malaysia SK405B.