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PTT Exploration and Production Public Company Limited (PTTEP) is the national petroleum company of Thailand, established on June 20, 1985, and is engaged in the exploration, development, production and acquisition of crude oil and natural gas prospects. It is a subsidiary of PTT Public Company Limited, which holds a 65.3% equity stake in PTTEP. The company produces around 27% of the total petroleum production in the country. The company has its operations round the world, including Southeast Asia, the Middle East, North Africa, Australasia and North America, operating more than 42 projects. PTTEP’s major operations include upstream activities along with other associated business functions such as providing transport and logistic support services, the construction of Floating Liquefaction Natural Gas production (FLNG) vessels and certain other infrastructure-related projects. The company’s upstream operations are primarily located in the onshore and offshore areas of Thailand. However, the company also has operations in international areas including Algeria, Australia, Canada, Cambodia, Indonesia, New Zealand, Oman, Republic of Mozambique, Myanmar, Kenya and Vietnam. PTTEP’s Exploration and Production (E&P) operations are spread over 42 projects in 10 countries, of which 17 projects are in an exploration phase of development, three projects are in a development phase, and 22 projects are in a production phase.
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