PTTEP returns to profit last year 

THURSDAY, JANUARY 26, 2017
PTTEP returns to profit last year 

PTT Exploration and Production has announced 2016 profit of US$372 million (Bt13.1 billion), a turnaround from a net loss in 2015, despite volatility in global oil prices. 

PTTEP says this recovery was achieved through professionalism across disciplines, from operations and finance to cost and efficiency management. 
The company’s continued efforts to reset its cost base as a way to cope with the ongoing situation around price volatility were pursued without any compromise to safety standards and its responsibility to the environment and society, it said.