Oman Oil Company Exploration and Production (OOCEP) a subsidiary of Oman Oil Company (OOC) and PTT Exploration and Production Public Company Limited (PTTEP) signed a memorandum of understanding on 10th of July 2016. Under the terms of the Memorandum of Understanding, both parties will share information and experience in the relevant areas and also exchange technical information and data to identify and progress areas of mutual interests.

The agreement was signed by Mr. Isam Bin Saud Al Zadjali, Chief Executive Officer of Oman Oil Company S.A.O.C., and Mr. Somporn Vongvuthipornchai, President and Chief Executive Officer of PTTEP.

Commenting on this agreement Mr. Isam Al Zadjali said:
'By way of this MOU, OOCEP and PTTEP will explore potential cooperation opportunities between the two parties to achieve synergy in oil and gas upstream sector. Both parties will discuss areas of mutual interests to identify business initiatives and investment areas.'

While Mr. Somporn added:
'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.'

OOCEP is one of the core verticals of OOC Driving investments in exploration and production in operated and non-operated assets both inside and outside Oman.

Note to Editors:

Oman Oil Company Exploration & Production LLC (OOCEP) is an upstream oil and gas company based in the Sultanate of Oman. OOCEP is a subsidiary of Oman Oil Company S.A.O.C. (OOC) with a primary focus on upstream investments as part of OOC's strategy of pursuing local and international energy related investments.

PTT Exploration and Production Public Company Limited is an oil and gas exploration and production company based in Thailand. It is a subsidiary of the state-owned PTT Public Company Limited.

For more information, please contact Communications and Public Affairs Division:
Tongchit Pongorapin Tel. +66 (0) 2537 4587
Nalin Viboonchart Tel. +66 (0) 2537 4834
E-mail: PTTEPCorpCom@pttep.com
Connected with us : PTTEP Facebook

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.

PTT Exploration & Production pcl published this content on 11 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 July 2016 04:18:01 UTC.

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