PTT Exploration & Production Public Co. Ltd.: Strong credit metrics and excellent liquidity amid volatile oil prices
Downward pressure on PTTEP's earnings from lower oil prices in 2020 will be partially mitigated by the pricing mechanisms in its long-term gas sales agreementsPTT Exploration & Production Public is engaged in the exploration and production of petroleum in Thailand and overseas, foreign gas pipeline transportation, and investment in projects strategically connected to the energy business. Co. operates through the following business segments: Exploration and Production segment operates in oil and gas exploration and production both domestically and overseas; Overseas Pipelines segment has investments with its joint venture partners to operate pipelines to transport natural gas from the exploration and production projects; and Other operations consist mainly of investments in projects strategically connected to the energy business.
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