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PTT steps up investment abroad: Reserves needed to sustain growth.
Byline: Busrin Treerapongpichit
Feb. 4--PTT Exploration and Production Plc will focus on overseas investment to secure gas and oil reserves to ensure sustainable growth in revenue in the future, president Maroot Mrigadat said yesterday.
Apart from investments totalling 231 billion baht planned over five years, the company is considering plans to increase investment overseas, especially in countries rich in energy resources.
"Although our proven reserves have been increasing by 6 percent per year, we see them as insufficient if we need to secure our revenue growth," he said.
PTTEP has 151 million barrels of crude oil and condensate and ...
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Source: HighBeam Research, PTT steps up investment abroad: Reserves needed to sustain growth.