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PTT Exploration and Production

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This is an old revision of this page, as edited by 60.226.144.247 (talk) at 09:27, 7 May 2017 (gramatical corrections). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

PTT Exploration and Production
Company typePublic
SETPTTEP
IndustryOil and Gas
Founded20 June 1985; 39 years ago (1985-06-20)
HeadquartersBangkok, Thailand
Area served
Worldwide
Key people
Tevin Vongvanich, President and CEO
RevenueIncrease $7.4 billion USD (2014) [1]
Decrease $677 million USD (2014) [1]
Total assetsIncrease $23.2 billion USD (2014) [1]
ParentPTT Group
Websitewww.pttep.com/en/

PTT Exploration and Production Public Company Limited (PTTEP) is an oil and gas exploration and production company based in Thailand. It is a subsidiary of the state-owned PTT Public Company Limited. The company was founded on 20 June 1985, and currently has operations in eleven countries worldwide.

On the 5th of MAY 2017 The Indonesian government launched a $US2 billion lawsuit against the company responsible for the worst oil spill in the history of Australia's offshore petroleum industry.

An estimated 300,000 litres of oil a day belched into the Timor Sea for more than 10 weeks after the Montara wellhead operated by Perth-based PTTEP Australasia began leaking and then exploded on August 21, 2009.

References