SPE Live’s discussion with Phongsthorn Thavisin, CEO of PTTEP, covered the Thai-based oil and gas company’s long-term strategy directions and upcoming projects. Thavisin is also the conference chair of the IADC/SPE Asia Pacific Drilling Technology Conference (APDT) that is being held virtually 8–9 June.
PTTEP is one of the fastest-growing operators in Southeast Asia and is looking to take advantage of the region’s growing demand for natural gas. Thavisin said that PTTEP’s current oil-to-gas production ratio is about 30% to 70%, respectively. The operator’s goal is to push the gas share toward 80%, in part because of the volatility of oil prices.
PTTEP’s top chief also spoke about the company’s international strategy, the role it sees in venture-capital-funded technology, and how the COVID-19 pandemic has changed the industry.