PTTEP to invest US$ 3.3 billion in Thailand, Myanmar in 2019

Thai national oil company PTT Exploration and Production (PTTEP) is expecting to spend a total of US$3.3 billion in 2019 to continue its activities in at the Zawtika gas field in theGulf of Moattama, Myanmar. Around 55 percent will be channeled towards investments required for more regular production and storage expansion, with long term development […]

Over the last year, Myanmar’s energy sector stumbles in right direction

Home to one of the world’s oldest oil and gas industries, oil exploration in Myanmar began in the early Bagan era. During the reign of King Anawrahta in the Bagan Era, evidence shows that the Buddha’s Three Teachings were coated with oil to prevent damage. With the nationalisation of the oil industry in 1963, the […]

Dawei Economic Zone ‘Lacks Clarity’ as Another Thai Firm Claims Deal

A little-known private company based in Bangkok is the latest to lay claim to becoming the major electricity provider for the Dawei Special Economic Zone—a project to build a regional economic hub in southern Myanmar that has generated much talk, but little action. Andaman Power & Utility Company Limited says it has been chosen by […]

PTTEP to invest US$3.3 billion in oil and gas

The Thai national oil giant PTTEP has announced that it will invest US$3.3 billion in Myanmar over the next five years. PTT Exploration and Production (PTTEP) held a press conference in Yangon on Tuesday where it outlined its drilling and exploring operations in Myanmar. “Zawtika is the biggest offshore among the PTTEP projects. We are […]

PTT plans more investment in Myanmar

PTT is geared up to pour billions of US dollar investment into Myanmar, to extend its presence from the upstream oil and petroleum business to downstream, said its president and CEO Pailin Chuchottaworn. Following billions of US dollar investment in the past years by PTT Exploration and Production (PTTEP), the national oil and gas company […]