Timor

PTTEP fined A$510,000 for Montara incident

Date of Release: 
Aug 31 2012

PTT Exploration and Production Plc (PTTEP) is fined 510,000 Australian dollar or approximately Bt16.55 million for the 2009 fire incident at its Montara field, off the coast of Australia.

In a statement to the Stock Exchange of Thailand, PTTEP President and CEO Tevin Vongvanich said that the company’s wholly-owned subsidiary PTTEP Australia (Ashmore Cartier) Pty Ltd plead guilty to four charges brought by NOPSEMA (National Offshore Petroleum Safety and Environmental Management) in relation to incompliance with regulations from the Montara incident.

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