Thai PTTEP says Montara start-up delayed to H2/2011

16-Jan-2010 Intellasia | Reuters | 10:19 AM

Thailand’s PTT Exploration and Production said on Friday the start-up of the Montara field in Australia would be delayed to the second half of 2011 from this year.

The company expected revenue from its operations in the Montara field, which suffered an oil leak and fire in late 2009, to come in 2011, according to presentations given to analysts.

PTTEP, the exploration flagship of PTT , Thailand’s biggest energy firm, said on Monday it planned to invest about $13 billion from 2010 to 2014.

http://ph.news.yahoo.com/rtrs/20100115/tbs-pttep-australia-0cd41eb.html