PTT Exploration and Production Public Company Limited, commonly known as PTTEP, is a leading Thai oil and gas exploration and production company headquartered in Thailand. Established in 1985, PTTEP has grown to become a significant player in the energy sector, with operations spanning across Southeast Asia, the Middle East, and Africa. Specialising in the exploration and production of petroleum resources, PTTEP is committed to sustainable practices and innovative technologies. The company’s core services include oil and gas exploration, development, and production, with a focus on maximising resource recovery while minimising environmental impact. With a strong market position, PTTEP has achieved notable milestones, including successful offshore projects and strategic partnerships that enhance its operational capabilities. As a subsidiary of PTT Public Company Limited, PTTEP continues to contribute to Thailand's energy security and economic growth.
How does PTT Exploration and Production Public Company Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
PTT Exploration and Production Public Company Limited's score of 27 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, PTT Exploration and Production Public Company Limited (PTTEP) reported total carbon emissions of approximately 6,744 kg CO2e, all of which fall under Scope 1 emissions. This marks an increase from 2022, where emissions were approximately 5,711 kg CO2e. The company has set ambitious climate commitments, aiming for carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065, in alignment with Thailand's national goals and the UN's Sustainable Development Goals (SDG 13). PTTEP has also established a near-term target to reduce greenhouse gas emissions intensity from its exploration and production activities by at least 25% by 2030, using 2012 as the base year. This target applies to both Scope 1 and Scope 2 emissions, reflecting the company's commitment to actively combat climate change. The emissions data for PTTEP is cascaded from its parent company, PTT Public Company Limited, which influences its overall climate strategy and reporting. As a current subsidiary, PTTEP's initiatives are part of a broader corporate family effort to enhance sustainability and reduce environmental impact.
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,048,528,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,830,000 | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 12,470,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
PTT Exploration and Production Public Company Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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