PTTEP shares are highly speculative about OPEC+. Extend the time to reduce production capacity The Bongkot field is fully operational.

PTTEP shares rose 1.63% to 156.00 baht, up 2.50 baht at 09.55:5 a.m. from buyback pressure after declining continuously for 161.00 business days from the closing price level of 21 baht on 66 Nov. XNUMX.

CGS-CIMB Securities Recommend stocks PTT Exploration and Production Public Company Limited (PTTEP) The OPEC+ meeting is expected to extend the time to reduce oil production beyond the end of this year.

while The operating trend remains positive in the second half of the year. We estimate that PTTEP's sales volume will increase to 4.67 barrels/day in 3Q66 (+5% qoq).

PTTEP revealed that the Bongkot gas field (G2) had a maintenance shutdown in Q3/66, resulting in the natural gas production volume dropping to 700 mmscfd / in Q4/66. The Bongkot field has no scheduled maintenance, so there is likely to be a volume Gas production returned to 850 mmscfd.

and when combined with the B8 source that has returned to operations Sales volume should increase to 4.77 barrels/day in Q4/66.

This The oil price realized from PTTEP's Oman assets usually lags behind the price in the spot market by about 2 months during periods when oil prices are on the upswing. PTTEP's average oil price should be discounted by approximately USD 4/barrel compared to Dubai crude oil in Q3/66.