PTTEP revs up its target | Bangkok Post: business

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PTTEP revs up its target

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NAKHON RATCHASIMA : PTT Exploration and Production Plc (PTTEP) has revised up its petroleum output target by 50% to 900,000 barrels of oil equivalent per day (BOED) by 2020 from 600,000 BOED forecast earlier. 

Thailand's sole petroleum explorer said since its existing projects will have produced 600,000 BOED by 2020, it will need to make another 300,000 BOED to meet the new goal, according to president and CEO Tevin Vongvanich.

The previous projection was based on the operating wells in Australia, Myanmar, Canada and African countries.

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