- CEO
- Montri Rawanchaikul MASc
- Full Time Employees
- 1,982
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 555/1 Energy Complex Building A Bangkok Thailand 10900
- IPO Date
- Feb 22, 2010
- Business
- PTT Exploration and Production Public Company Limited PTT Exploration and Production Public Company Limited (PTTEP) engages in petroleum exploration, development, and production in Thailand and internationally as a subsidiary of PTT Public Company Limited. Founded in 1985 and headquartered in Bangkok, Thailand, the company operates approximately 40 projects across 11 countries, including 16 in Thailand, 15 in Southeast Asia, five in the Americas, three in Africa, and one in Australia; its core products and services encompass crude oil, natural gas, condensate, and liquefied petroleum gas (LPG), alongside gas transportation pipelines, jetties and warehouses for petroleum development support in Songkhla and Ranong branches, petroleum-related technology services, human resource support, treasury centers, solar power and renewable energy activities, and subsidiaries such as PTT Digital Solutions Company, Energy Complex Company Limited, PTTEP Services Limited, and PTT Global LNG Limited. PTTEP operates major domestic fields in the Gulf of Thailand, including G1/61, G2/61, Arthit, and S1 as operator or joint venture partner, with overseas investments in Algeria's Hassi Bir Rekaiz and Block H, SK410B in Malaysia, and projects in Myanmar, Vietnam, Indonesia, United Arab Emirates, Mozambique, Canada, Mexico, Brazil, Kazakhstan, Angola, and Oman. Recent strategic developments include a July 2025 farm-in agreement with Valeura Energy Inc. granting Valeura a 40% working interest in offshore Gulf of Thailand Blocks G1/65 and G3/65, which feature 15 oil and gas discoveries adjacent to major producing fields like Erawan, Platong, Benchamas, Bongkot, and Nong Yao, supported by a 2025 work program of four exploration wells and over 1,200 square kilometers of 3D seismic acquisition; an acquisition of 34% in E&E Algeria Touat B.V. expected to close in 2025, yielding a 22.1% indirect stake in the onshore Touat natural gas field with 435 million standard cubic feet per day capacity; and a THB 261 billion budget allocation for 2025 petroleum production, field development, exploration, energy transition initiatives including offshore wind, and reducing energy imports, alongside commitments to net zero greenhouse gas emissions by 2050 via carbon capture and storage technologies.