ENERGY
PTTEP seeks extended pay period for $500m debt
- Published: 14 Feb 2013 at 00.00
- Newspaper section: Business
PTT Exploration and Production Plc (PTTEP), Thailand's sole oil and gas explorer, plans to negotiate with banks to reschedule the payment of some of its US$3.7 billion in debt.
Penchan Charikasem, the chief financial officer, said of total liabilities, $1.4 billion is due to be repaid in 2015.
As a result, the subsidiary of energy giant PTT Plc wants to extend the repayment schedule for some $500 million.
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