PTTEP to invest $3.3b in oil and gas projects

State-owned Thai oil firm PTT Exploration and Production Plc (PTTEP) will spend US$3.3 billion over the next five years to develop gas projects throughout Myanmar, company executives announced last week. The firm, one of Thailand’s largest, currently has funds in seven oil and gas projects in the country and plans in part to use its […]

Unlocking a ‘Sleeping Petroleum Giant’

YANGON — Potential investors at a hotel conference room in Yangon in September were invited to salivate over Myanmar’s geology. By all accounts, the maps and cross-section graphics on display indicate that the country is sitting on vast energy wealth. Although the exact quantities of hydrocarbons are unknown, “it can be envisaged as a sleeping […]