PTT Exploration and Production Plc (PTTEP), Thailand's sole publicly traded petroleum explorer, is looking to invest in North America's shale gas through a joint investment with strategic partners.
The plan is part of PTTEP's goal to have total petroleum output of 900,000 barrels of oil equivalent per day in 2020. To achieve that target, the company needs to find another 300,000 BOED as its existing petroleum projects will produce 600,000 BOED by that year.
Tevin Vongvanich, the president and chief executive, said on Thursday the company might either join hands with strategic partners or acquire assets related to shale gas resources.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.