Singapore—Thailand’s PTT Exploration & Production plans to invest over $3 billion, or a fifth of its capital budget, a little in Myanmar’s exploration projects. Spending in Myanmar will focus on seven exploration blocks, the company said. Three of these—MOGE 3, PSC G and EP 2—were awarded during Myanmar’s last onshore bid round. PTTEP said extensive exploration drilling has started in PSC G and EP 2.
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