PTT Exploration and Production (PTTEP) has unveiled a comprehensive five-year investment plan, committing approximately 1.09 trillion baht between 2026 and 2030 to bolster energy security and support long-term growth.

The company targets an average petroleum sales volume increase of around eight percent in 2026, reaching 556,000 barrels of oil equivalent per day (BOED).

Most of the budget will be directed toward enhancing production from existing domestic and international operations, accelerating new developments, and conducting further exploration to underpin future growth.

A portion of the investment will also be channelled into greenhouse-gas reduction initiatives, including carbon capture and storage (CCS) projects, as part of PTTEP’s commitment to its Net Zero 2050 objective.

Montri Rawanchaikul, Chief Executive Officer of PTTEP, disclosed that the company’s 2026 budget will total approximately US$7,726 million (about 253,027 million baht), broken down into capital expenditures (CAPEX) of US$5,164 million (around 169,121 million baht) and operating expenditures (OPEX) of US$2,562 million (about 83,906 million baht).

The funds will support key domestic projects such as G1/61 (including Erawan, Platong, Satun, and Funan), G2/61 (Bongkot), Arthit, S1, Contract 4, and the Thailand–Malaysia Joint Development Area (JDA).

Moreover, PTTEP plans to increase production at major international sites including those in Malaysia, Oman, and Algeria, allocating US$3,605 million (about 118,064 million baht) in CAPEX for these operations.

Emission-reduction efforts will address both direct emissions (Scope 1) and indirect emissions from energy use (Scope 2).

The company aims to reduce greenhouse-gas intensity by at least 30 percent by 2030 and 50 percent by 2040, using 2020 as a baseline.

As part of this commitment, an allocation of US$118 million (about 3,865 million baht) will support emission-reduction activities, including a CCS project at the Arthit field in the Gulf of Thailand.

In parallel, PTTEP is advancing a number of large-scale development projects, among them the Ghasha concession, Abu Dhabi Offshore 2, Mozambique Area 1, and Malaysia’s SK405B, SK417 and SK438.

A budget of US$1,423 million (approximately 46,603 million baht) has been earmarked to bring these projects forward toward production as scheduled.

The plan also dedicates US$101 million (about 3,308 million baht) for exploration and appraisal drilling across Thailand, Malaysia, Myanmar and the United Arab Emirates, aiming to sustain long-term resource growth.

Overall, for the 2026–2030 period, PTTEP has allocated a combined investment and operating budget of US$33,279 million (around 1,089,887 million baht).

Beyond these investments, the company emphasises its intention to expand into new business segments that support the energy transition, while continuing to invest in social and community initiatives to create sustainable value for all stakeholders.

Based on this plan, PTTEP forecasts average daily petroleum sales in 2026 at 556,000 BOED — an eight-percent increase — driven by expanded domestic and international operations initiated in 2025. Key contributors are expected to include progress in the Thailand–Malaysia JDA A-18 Project, increased interest in the Sinthuphohom Project, new investments in Algeria’s Touat field, and higher natural-gas production from the Arthit field.

Over the next five years, PTTEP aims to bring multiple overseas projects online, supporting sustained petroleum-sales growth in line with the company’s strategic roadmap.