Bangkok: Thailand’s only petroleum explorer PTT Exploration and Production Plc (PTTEP) has announced a $24.67bn war chest for investments in the five years through 2017.
"The investment plans have yet to include capital expenditure in potential venture opportunities," said president and chief executive Tevin Vongvanich.
PTTEP’s overseas projects include business in Australia, Myanmar, Kenya and Mozambique.
The company projects average sales volume of 310,000 barrels of oil equivalent per day this year. [23/01/13]
