PTTEP Dissolves Inactive Petroleum Business in Panama for Efficient Cost Management

PTT Exploration and Production Public Company Limited (SET: PTTEP) announced on Monday that it has dissolved an inactive subsidiary, namely Participations and Explorations Corporation (PEC).

The Effective would be on January 23, 2023, this action to improve operational efficiency and minimize administrative costs.  

The company assured that it has no impact to PTTEP’s operations.