(EnergyAsia, January 8 2014, Wednesday) — Faced with rising cost and fierce competition for oil and gas reserves, Thailand’s leading upstream company, PTT Exploration and Production Pcl (PTTEP), said it has lowered its production target for 2020 from 900,000 b/d to a “more realistic” figure of 600,000 b/d. For its latest five-year plan, PTTEP expects…

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