BANGKOK: Thailand’s top oil and gas explorer, PTT Exploration and Production Pcl (PTTEP), plans to invest US$2.6bil in South-East Asia, mainly on Myanmar, over the next five years, and is on track to triple its production to 900,000 barrels per day (bpd) by 2020, its newly-appointed chief executive said.
PTTEP, Thailand’s second most valuable company, expects to seek more than US$10bil in funding to boost its production to 500,000 barrels per day by 2016, a key milestone in achieving its output target, Tevin Vongvanich, 53, said yesterday.
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