Energy Partner of Choice
PTT Exploration and Production Public Company Limited or PTTEP, is the E&P flagship of PTT Group, Thailand's national oil company. Currently, PTTEP has more than 40 projects globally, including in the Middle East. PTTEP's business is driven by the vision of becoming the "Energy Partner of Choice" through competitive performance and innovation for long-term value creation.
At PTTEP, we believe that, to achieve the ultimate goal in ensuring energy security and sustainable growth for all, collaboration is more vital than competition.
In 2022, PTTEP announced a target to achieve Net Zero Greenhouse Gas Emissions by 2050 through the EP Net Zero 2050 concept. With “E in EP Net Zero standing for Exploring for Lower Carbon E&P Portfolio”, new investments will emphasize natural gas project and the intensity of greenhouse gas will be factored into the investment decision-making process. While “P = Production and Planet in Balance” PTTEP will pursue the development of technology to reduce greenhouse gas emissions from the production process, in particular the introduction of technology like Carbon Capture and Storage (CCS) and initiatives like Zero Routine Flare for new projects. In addition, the company will focus on emissions offsetting through the planting of trees in forests and mangroves to increase the natural carbon sink.
This year at ADIPEC 2022, PTTEP and its subsidiary, AI and Robotics Ventures (ARV), will showcase advanced cutting-edge technological innovations, offering simplified solutions to meet business challenges and minimize the environmental impact of operations, with the goal of reducing greenhouse gas emissions from the production process for both E&P and non-E&P industries. These are some of the key decarbonization technologies that PTTEP and ARV will exhibit at the PTTEP booth, Concourse Hall, Stand No. CN51.
Carbon Capture and Storage (CCS)
PTTEP launched Thailand’s first CCS study project at Arthit Field, an offshore gas field in the Gulf of Thailand operated by PTTEP. A feasibility study was completed, encompassing a preliminary assessment of the carbon storage capacity of the targeted geological storage formations and the corresponding conceptual development plan for supporting infrastructure and storage drilling. The preliminary front-end engineering and design (Pre-FEED) is currently underway with the target of first operation by 2026.
CO2 Conversion to Carbonate-Based Product
CO2 Conversion to Carbonate (CCC) is a technology that advances the utilization of carbon dioxide through a practical application that can take in a wide range of CO2 concentrations and convert them into a high-value cyclic carbonate using low energy consumption.
Flare Gas Conversion to Carbon Nanotubes
The Flare Gas Conversion to Carbon Nanotubes project is an initiative to reduce greenhouse gas (GHG) emissions while also delivering promising technology to effectively tackle flare gas issues.
Carbon Nanotubes (CNTs) are carbon-based nanoparticles regarded as a “future material” for applicaiton in advanced technologies such as composite materials and energy storage.
Smart Forest Solution
The Smart Forest Solution offers green area management for initial carbon credit monitoring and calculation of a large area as a carbon credit scale solution, as well as a platform for green area analysis and processing to increase the effectiveness of green area management planning.