PTTEP received Letter of Claims for Compensation from Indonesian Authorities But No Verifiable Evidence was Provided

Bangkok--27 Aug--PTTEP

Mr. Anon Sirisaengtaksin (นายอนนต์ สิริแสงทักษิณ), President and CEO of PTT Exploration and Production Public Company Limited or PTTEP, said that PTTEP Australasia (PTTEP AA) today (August 26) received the letter of claims for compensation for damages from the Montara incident in the Timor Sea. PTTEP found that no verifiable evidence has yet to be presented to support any claim. Mr. Anon added that recently there have been people who tipped off news that had adverse effect to PTTEP and that the company might demand responsibilities from them. Last year, PTTEP put Montara incident under control. The company evaluated the oil slick during the incident and its effects after the incident and found that the spread of the slick was in limited to only an area surrounding Montara. PTTEP has also joined hands with Australian authorities concerned to closely follow the environmental situation. It has worked to study on the long term effect on the environment which encompasses studies on the spread of oil from Montara in the Timor Sea to evaluate the effect of the incident. The result of these studies will be released to the public when completed.

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