Peer Strategy

Petronas, PTTEP Pursue Upstream Growth

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Malaysia Petronas
Joshua Paul/AP
  • Petronas and PTT Exploration & Production (PTTEP) are pursuing upstream strategies that are designed to maintain, and even increase, production as oil and gas demand in Southeast Asia continues to grow into the next decade. 
  • The two national oil companies will continue to explore for oil and gas, favoring barrels that are advantaged both in cost and carbon terms.

  • Both companies will use carbon capture technologies to keep emissions in check as they maintain upstream production.

    The Issue

    NOCs, M&A, Corporate Strategy , Upstream Projects, Offshore Oil and Gas, Conventional Oil and Gas, Exploration, Carbon Capture (CCS), CO2 Emissions
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