PTTEP, Petronas Carigali advance development of offshore oil and gas discoveries - Upstream Online
PTTEP, Petronas Carigali advance development of offshore oil and gas discoveries | Upstream Online
Thailand’s national upstream company PTTEP has strengthened its collaboration with Malaysian counterpart and co-venturer Petronas Carigali for the exploitation and potential future development of operated assets offshore Sarawak, East Malaysia.
Petronas Carigali and PTTEP have signed two technical assistance agreements (TAA) and a memorandum of understanding (MoU) that relate to the PTTEP-operated SK 410B and SK 405B production sharing contracts.
Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.