PTTEP wins Asian Oil & Gas Awards 2024 for digital transformation initiative
PTT Exploration and Production Public Company Limited (PTTEP), represented by Mr. Chula Manonda (2nd from right), Senior Vice President of Supply Chain Management Division, received the "Digital Transformation Initiative of the Year - Thailand" award from the Asian Oil & Gas Awards 2024, thanks to the company's "DigitalX" project which integrates digital solutions to propel PTTEP's digital transformation. The project includes leveraging artificial intelligence (AI) and machine learning technologies to enable rapid and precise data analysis across PTTEP's value chain, enhancing operational efficiency. The "Digital Center of Excellence" has also been established to develop and deploy digital solutions with proficient digital skills throughout the company. The awards program is organized by Asian Power Magazine in Singapore.
The Asian Oil & Gas Awards recognizes outstanding companies in Asia's oil and gas sector that embrace digital transformation, enabling them to adapt and remain resilient amid challenges.
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PTTEP sets a 5-year investment budget of USD 32,575 million
PTTEP unveiled its 2024 investment plan and a total budget of USD 6,721 million, with a target of a 9% growth in sales volume. The 5-year budget (2024-2028) allocation is at USD 32,575 million with the aim to hike production volume from key projects in Thailand and overseas, while expedite ongoing development projects to commence production as planned. Mr. Montri Rawanchaikul, Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), revealed that the company
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