PTT Exploration and Production Public Company Limited (OTCMKTS: PEXNY) is the upstream oil and gas exploration and production arm of Thailand’s state‐owned energy conglomerate. Headquartered in Bangkok, the company focuses on the discovery, development and production of petroleum resources both domestically and internationally. Through its operations, PEXNY seeks to secure a stable supply of crude oil and natural gas to support Thailand’s energy needs while pursuing growth opportunities across key hydrocarbon basins worldwide.
In its home market, PEXNY manages several mature offshore fields in the Gulf of Thailand, including the Bongkot, Arthit and Nida projects, which together account for a significant portion of the nation’s natural gas output. Beyond Southeast Asia, the company has extended its footprint to regions such as the Middle East, North Africa, Australia and the Americas, participating in joint ventures and farm‐in agreements with leading industry players. These overseas assets bolster PEXNY’s production profile and enhance its technical capabilities in deepwater drilling, seismic exploration and reservoir management.
Core business activities encompass seismic data acquisition, exploratory and appraisal drilling, field development planning, production operations and midstream processing. PEXNY also participates in liquefied natural gas (LNG) ventures and natural gas commercialization, applying advanced technology to optimize recovery rates and reduce environmental impact. Sustainability and safety are integral to the company’s strategy, with ongoing initiatives aimed at lowering greenhouse gas emissions, enhancing operational efficiency and ensuring compliance with international standards and local regulations.
Since its establishment in 1988 and first commercial production in the early 1990s, PEXNY has grown into a major upstream energy company guided by a seasoned executive team and a board of directors appointed through government oversight. The leadership team emphasizes disciplined capital allocation, risk management and strategic partnerships to drive long‐term value. As PEXNY continues to explore new resource opportunities and expand its production capacity, the company remains committed to supporting Thailand’s energy security and contributing to regional energy markets.
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