PTTEP in Deal to Study Petroleum Potential in Northern Thailand
Recently, Lt. Gen. Sucheep Kitwaree Director-General Defence Energy Department, Ministry of Defense and Mr. Maroot Mrigadat, President of PTT Exploration and Production Public Company Limited or PTTEP signed a Memorandum Of Understanding to study geological and geophysics data in northern Thailand.
The study and evaluation of petroleum potential will be carried out in the Chiang Mai-Lamphun Basin area, which comes under the authority of the Ministry of Defense. This initial MOU agreement between the state agency and a private company is only the first stage of the agreement. If the study is successful in proving the petroleum potential of the area, PTTEP and the Defense Energy Department, will further discuss how to conduct exploration and production in the Chiang Mai-Lamphun Basin area to deliver maximum benefits and another step towards Thailand's energy security.
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