PTTEP on the lookout for cheap exploration assets

THAI state oil company PTTEP is eyeing off several cheap oil and gas exploration assets, despite cutting its capital expenditure budget and reining in upstream spending due to the low oil price.

PTTEP on the lookout for cheap exploration assets PTTEP on the lookout for cheap exploration assets PTTEP on the lookout for cheap exploration assets PTTEP on the lookout for cheap exploration assets PTTEP on the lookout for cheap exploration assets

 

The Bangkok Post today reported the oil company was planning to acquire assets from other companies that are struggling to stay afloat during tough economic times.

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