Thailand’s PTTEP posted a half-year net profit of US$827 million, up 54% from the previous 12 months, writes Amanda Battersby.
Revenues were up 17% year-on-year to $3 billion, mainly due to higher sales of 326,971 barrels of oil equivalent per day after its acquisition of an additional stake in the flagship Bongkot gas field.
PTTEP also benefited in the six months to the end of June from an average selling price of $47.26
