Connect with us

Corporate

PTT Exploration and Production wins concession for two oil blocks in Myanmar

PTT Exploration and Production Plc, PTTEP has won its bids for two onshore oil blocks in Myanmar, Thai Energy Minister Pichai Naripthaphan said Wednesday after he met his Myanmar counterpart U Than Htay on Tuesday.

Published

on

oil platform

PTT Exploration and Production Plc, PTTEP has won its bids for two onshore oil blocks in Myanmar, Thai Energy Minister Pichai Naripthaphan said Wednesday after he met his Myanmar counterpart U Than Htay on Tuesday.

Mr Pichai accompanied Thai Prime Minister Yingluck Shinawatra to Myanmar as she attended the regional summit in Naypyidaw.

PTT Exploration and Production wins concession for oil blocks in Myanmar

PTT Exploration and Production wins concession for oil blocks in Myanmar

The Thai energy minister said his Myanmar counterpart informed him that PTTEP, subsidiary of PTT Plc, Thailand’s largest oil conglomerate, won its bid for two Myanmar onshore oil blocks. Myanmar also indicated support of the PTTEP proposal to seek petroleum in the Andaman Sea in two offshore petroleum blocks – MD7 and MD 8-  but more details must be considered and discussed.

Myanmar wanted to see Thai investment in a gas separation plant in Myanmar after the PTTEP’s exploration found wet gas in the M9 gas field, which will be ready for use in 2016. The M9 field is Myanmar’s first field of wet gas, suitable for petrochemical production, he said.The PTT group is ready to invest more and Myanmar can also invest by granting Thailand further petroleum concession, the Thai minister said.

via PTTEP wins concession for two Myanmar oil fields.

Corporate

The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

Published

on

During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

(more…)
Continue Reading

Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

Published

on

The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,158 other subscribers

Wise

Recent