ITF, the oil and gas industry technology facilitator reported a new membership agreement with Thailand’s national oil company PTT Exploration & Production Public Company Limited (PTTEP).

PTTEP is the latest ITF member in South East Asia and joins Malaysian state-owned Petronas to support oil and gas technology development and address technology challenges in the region.

ITF plans to secure A$9 million (£6 million) investment from its members across the Asia-Pacific region to launch ground breaking technologies. The organisation will also bolster its team by creating a business development position, which will be based at its Kuala Lumpur office to further strengthen its presence across the region.

Chumpol Rojanachan, Vice President, Corporate Knowledge Management from PTTEP, said: “Membership with ITF allows PTTEP to tackle the issues associated with unconventional reservoirs and operational technology challenges in a joined up approach with other oil and gas operators. Our existing operations in domestic and international areas as well as growth initiatives in deepwater Myanmar and Indonesia, can be efficiently supported through ITF joint industry projects.”

Tags: ITF, PTT Exploration and Production Public Company Limited