Thailand's PTTEP, Oman's OOCEP Sign MOU to Cooperate in Upstream Sector

Thailand's PTT Exploration and Production Public Co. Ltd. (PTTEP) announced Monday that the company had signed a memorandum of understanding (MOU) July 10 with Oman Oil Co. Exploration and Production (OOCEP), a subsidiary of Oman Oil Co. S.A.O.C. (OOC), to share information and experience in relevant areas and exchange technical information and data to identify and progress areas of mutual interests in the upstream oil and gas sector.

PTTEP President and CEO Somporn Vongvuthipornchai and OOC CEO Isam Bin Saud Al Zadjali signed the MOU.

“We are delighted that OOCEP and PTTEP, the two national oil companies, have come up to this MOU. PTTEP has been operating in Oman for over 10 years. And it is PTTEP’s intention to explore for more business cooperation and opportunities for mutual benefit of the two parties, both in Oman and Thailand,” Somporn said in the press release.

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