PTT Exploration and Production Overview

PTT Exploration and Production is a significant player in the global energy market. It is a subsidiary of PTT Public Company Limited, a Thai state-owned energy company.

PTT Exploration and Production operates in over 20 countries worldwide, with a diverse portfolio of oil and natural gas assets.

The company has a long history of exploration and production, dating back to the 1970s when it was established as a state-owned enterprise.

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PTT Exploration and Production offers a wide range of products and services to cater to various needs. They provide petroleum, including petroleum, crude, natural gas, condensate, and liquified petroleum gas (LPG).

Their services include gas transportation pipeline, jetty and warehouse facilities through their Petroleum Development Support Songkla Branch and Ranong Branch. PTT Digital Solutions Company (PTT ICT) provides digital solutions, while Energy Complex Company Limited offers energy-related services. PTTEP Services Limited provides various services to the oil and gas industry. PTT Global LNG Limited (PTT GL) is also part of the PTT group, focusing on global LNG services.

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PTT Exploration and Production is a major player in the oil and gas industry in Thailand, and their products and services are used by various companies and industries.

Here are some of the key services offered by PTT Exploration and Production:

PTT Exploration and Production has a strong presence in the oil and gas industry. The company engages in operating oil and gas field properties, as seen in PTTEP Canada International Finance Ltd.

PTTEP Canada International Finance Ltd. is based in Calgary, Canada, and is ultimately controlled by the Government of Thailand. PTTEP Energy Development Co., Ltd. also operates in the oil and gas sector.

The company has a significant presence in Thailand, with PTTEP Siam Ltd. and PTTEP Treasury Center Co., Ltd. both being headquartered in Bangkok. These companies engage in oil and gas exploration and production services.

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In PTT Exploration and Production, sales have been steadily increasing over the years.

The company's sales in Southeast Asia - Thailand have grown from 3.54 billion in 2020 to 5.4 billion in 2024.

Here's a breakdown of the company's sales by region:

The company's sales in Southeast Asia - Thailand have been the highest, with a growth rate of 53% from 2020 to 2022.

The Exploration and Production - Middle East region has seen significant growth, with sales increasing from 829 million in 2021 to 1.16 billion in 2024.

PTTEP has a presence in various countries through its group companies. PTTEP Canada International Finance Ltd. is based in Calgary, Canada, and engages in operating oil and gas field properties.

The company is ultimately controlled by the Government of Thailand. PTTEP Energy Development Co., Ltd. is another notable group company.

PTTEP Siam Ltd. engages in the exploration of crude oil and is headquartered in Bangkok, Thailand. The company is ultimately controlled by the Government of Thailand.

PTTEP Treasury Center Co., Ltd. provides oil and gas exploration and production services from its base in Bangkok, Thailand.

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PTT Exploration and Production is expanding its operations to Oman to develop a large-scale green hydrogen project.

The project will commence production in 2030 and have a targeted production capacity of approximately 220,000 tons of green hydrogen per year.

The consortium consists of FutureTech Energy Ventures (FTEV) and five world-renowned companies from South Korea and France.

The concession block is located in Block Z1-02, which covers approximately 340 sq km in Duqm, Oman.

The project will be developed as an integrated green hydrogen production including installed renewable energy from solar and wind with a planned capacity of approximately five GW.

The green hydrogen plant will be constructed at the awarded concession area, and an ammonia production plant will be built to convert the majority of green hydrogen production output into green ammonia.

The ammonia production plant will have a capacity of 1.2mn tons per year for exporting to South Korea, while the remaining green hydrogen will be served for Oman’s domestic consumption.

Construction is expected to take place in 2027, followed by targeted commercial operations date in 2030.

Oman is at the forefront of driving substantial development in green hydrogen, and PTTEP is leveraging its experience and understanding of the energy business in Oman to contribute to the project development.

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PTT Exploration and Production has been in the news lately, and here are some key updates to keep in mind.

In August 2025, PTT Exploration & Production's Non-Deal Roadshow (NDR) in Singapore received positive feedback.

PTT Exploration & Production is expecting a stronger core in the 3rd quarter of 2025, as reported in July 2025.

The company faced softer earnings in the 2nd quarter of 2025 due to falling oil prices, as mentioned in July 2025.

Thailand's first carbon capture and storage (CCS) project was launched at the Arthit field in June 2025.

Here are some key dates to remember:

PTT Exploration & Production's earnings are expected to remain intact despite falling oil prices, as stated in January and April 2025.

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PTT Exploration and Production has been in the oil and gas business for over 40 years. They have a wealth of experience in exploring and extracting natural resources.

Their operations span across various countries, including Thailand, Laos, and Myanmar. They have a strong presence in the region.

PTT Exploration and Production has a diverse portfolio of oil and gas assets. This includes onshore and offshore fields, as well as pipelines and storage facilities.

Their expertise in the industry has earned them numerous awards and recognition. This includes the "Best Oil and Gas Company" award at the Thailand Top Brand Awards.

PTT Exploration and Production is committed to sustainability and environmental responsibility. They have implemented various initiatives to reduce their carbon footprint and promote eco-friendly practices.