Mr. Phongsthorn Thavisin, Executive Vice President, Technology and Sustainability Development Group of PTT Exploration and Production Public Company Limited (PTTEP), and
Mr. Chalermchai Mahagitsiri, President and Chief Executive Officer of Mermaid Maritime Public Company Limited, together signed MOU for Cooperation of Research and Development of Autonomous Underwater Vehicles (AUV) at Energy Complex Building. The objective of this MOU is to empower the innovative capability of Thai people to develop full functional AUV for petroleum exploration and production activities.

AUV technology reseach and development in Thailand was first initiated by the cooperation between PTTEP and Faculty of Engineering of Kasetsart University in 2014, which resulted with the completion of laboratory-scaled prototype AUV. In near future, this partnership with Mermaid Maritime will alow Thailand's AUV technology to advance into realife pilot-scale phase.

Photo shows, from left,Associate Professor Dr. Yodyium Tipsuwan, Department of Computer Engineering, Kasetsart University; Mr.Chalermkiat Tongtaow, Senior Vice President, Technology and Knowledge Managemen Division, PTTEP; Mr. Phongsthorn Thavisin; Mr. Chalermchai Mahagitsiri; Mr. Chia Wan Huat Joseph, Executive Director, Mermaid Maritime Public Company Limited; Mr. Jean Paul Thevenin, Non-Executive Director, Mermaid Maritime Public Company Limited

November 12, 2015

For more information, please contact Communications and Public Affairs Division
Tongchit Pongorapin Tel. +66 (0) 2537 4587 E-mail: tongchitp@pttep.com
Rudklao Suwankiri Tel. +66 (0) 2537 5410 E-mail: rudklaos@pttep.com

Disclaimer

The information, statements, forecasts and projections contained herein reflect the Company's current views with respect to future events and financial performance. These views are based on assumptions subject to various risks. No assurance is given that these future events will occur, or that the Company's future assumptions are correct. Actual results may differ materially from those projected.

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