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Covid-19 crisis ‘brought opportunities for PTTEP’

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The Covid-19 pandemic has resulted in opportunities of merger and acquisition for PTT Exploration and Production (PTTEP), its president Phongsthorn Thavisin said.

He said the pandemic has put some petroleum companies in financial difficulties that they are considering selling their businesses.
Meanwhile, he added that PTTEP aims to boost its production ratio of natural gas to 80 per cent from the current 70 per cent and that of oil down to 20 per cent from 30 per cent. This is in line with the global trend of rising demands for natural gas.

Published : June 17, 2020