PTT EXPLORATION and Production Plc (PTTEP) has set a five-year strategy (2017-2021) to focus on Thailand, Myanmar, Indonesia and Malaysia by expanding through both organic growth, and mergers and acquisitions.
"We're keeping our investment at US$1.7 billion (Bt57.8 billion) for maintaining our existing gas and oil plants (next year), as we also have another budget for expanding our investment and for mergers and acquisitions at $1 billion to $1.5 billion a year," Somporn Vongvuthipornchai, president and chief executive officer, said in a group interview after a site visit to the greater Bongkot South field last weekend.