“PTTEP is pleased to further expand our operations in the MTJDA, which is recognised for its petroleum potential and strategic significance to Thailand’s energy security,” Chief Executive Officer Montri Rawanchaikul said in the statement.
The MTJDA covers 7,250 square kilometres (2,800 square miles) in the southern part of the Gulf of Thailand and is a key source of natural gas and condensate for Thailand and Malaysia, according to the statement.
(Reporting by Yantoultra Ngui; Editing by Tom Hogue)