ITF, the oil and gas industry technology facilitator, announced a new membership agreement yesterday with Thailand’s national oil company PTT Exploration and Production.
It is the latest ITF member in south-east Asia and joins Malaysian state-owned Petronas to support oil and gas technology development and address technology challenges in the region. ITF plans to secure £6million investment from its members across the Asia-Pacific region to launch ground-breaking technologies. The organisation will also bolster its team by creating a business-development position, which will be based at its Kuala Lumpur office to further strengthen its presence across the region.