PTT Exploration and Production Plc (PTTEP) continues to increase its oil and gas production through the exploration of a new source of petroleum in Malaysia in cooperation with two Malaysian firms.

Montri Rawanchaikul, chief executive of PTTEP, said the company formed a joint venture with Malaysian oil and gas conglomerate Petronas Carigali Sdn Bhd (PCSB) and Petroleum Sarawak Exploration & Production Sdn (PSEP) to start offshore exploration at petroleum block SK325, located off the coast of Sarawak, a Malaysian state in northern Borneo.