PTTEP bolsters Oman commitment

MUSCAT, July 11, 2016 – Thailand’s PTT Exploration and Production Public Company (PTTEP) over the weekend signed a memorandum of understanding with Oman Oil Company subsidiary Oman Oil Company Exploration and Production (OOCEP) that will see the two entities explore ways to achieve upstream synergies in the market.

Commenting on the company’s track record of more than 10 years in the market, PTTEP CEO Somporn Vongvuthipornchai said his firm had the “intention to explore for more business cooperation and opportunities for mutual benefit of the two parties, both in Oman and Thailand.”

Vongvuthipornchai’s counterpart at OOCEP, Isam Bin Saud Al Zadjali, said both companies would “discuss areas of mutual interest to identify business initiatives and investment areas.”

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