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Bangkok Post

Business

PTTEP, Malaysian partners establish JV

PTTEP Malaysia Petroleum PTT Exploration and Production Plc Oil

PTT Exploration and Production Plc (PTTEP) continues to increase its oil and gas production through the exploration of a new source of petroleum in Malaysia in cooperation with two Malaysian firms.

Montri Rawanchaikul, chief executive of PTTEP, said the company formed a joint venture with Malaysian oil and gas conglomerate Petronas Carigali Sdn Bhd (PCSB) and Petroleum Sarawak Exploration & Production Sdn (PSEP) to start offshore exploration at petroleum block SK325, located off the coast of Sarawak, a Malaysian state in northern Borneo.

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