Thailand’s PTT Exploration and Production announced it will stop its investments in Indonesia after being filed for a two-billion-USD compensation by the Indonesian Government over the oil spill in 2009.
PTTEP platform in the Gulf of Thailand’s Bongkot gas field. (Source: bangkokpost.com)
Bangkok (VNA) – Thailand’s PTT Exploration and Production (PTTEP) on May 9announced that it will stop its investments in Indonesia after being filed fora two-billion-USD compensation by th🎶e Indonesian Government over the oil spillin 2009.
However,leaders of the PTTEP said the project in Indonesia’s Natuna Sea will becontinued and Indonesia remains a strategic investment priority of the Thaicompany, as it is planning to invest four billion USD to expand business inSoutheast Asia. In2009, about 30,000 oil barrels leaked off the Timor Sea after blowout occurredon the PTTEP’s Montara drilling rig in the North West Australia Sea. Itwas considered the worst drilling rig incident in Australia. Investigation of theAustralian Government showed that Thailand’s oil sector is responsible for theoil spill. Citingscientific research works, the PTTEP said oil did not reach the shores of Australiaand Indonesia and no damage was done in the Timor sea.-VNA
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PTTEP platform in the Gulf of Thailand’s Bongkot gas field. (Source: bangkokpost.com) 
