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PTT Exploration and Production

PTT Exploration and Production
Public
Traded as PTTEP
Industry Oil and Gas
Founded 20 June 1985; 31 years ago (1985-06-20)
Headquarters Bangkok, Thailand
Area served
Worldwide
Key people
Tevin Vongvanich, President and CEO
Revenue Increase $7.4 billion USD (2014)
Profit Decrease $677 million USD (2014)
Total assets Increase $23.2 billion USD (2014)
Parent PTT Group
Website www.pttep.com/en/

PTT Exploration and Production Public Company Limited (PTTEP) is an oil and gas exploration and production company based in Thailand. It is a subsidiary of the state-owned PTT Public Company Limited. The company was founded on 20 June 1985, and currently has operations in eleven countries worldwide.

On the 5th of MAY 2017 The Indonesian government launched a $US2 billion lawsuit against the company responsible for the worst oil spill in the history of Australia's offshore petroleum industry.

An estimated 300,000 litres of oil a day belched into the Timor Sea for more than 10 weeks after the Montara wellhead operated by Perth-based PTTEP Australasia began leaking and then exploded on August 21, 2009.



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