Press Release: P2 Energy Solutions Expands Operations in Thailand

03/26/2014

New Bangkok office builds on strong foundations

SINGAPORE – (March 25, 2014) – P2 Energy Solutions ("P2") today celebrates the opening of its new office in Bangkok, Thailand.

P2 already has a very solid customer base in Thailand – including the national petroleum and exploration company PTT Exploration and Production (PTTEP) – arising from its acquisition of ISS Group in 2013. P2 has delivered a number of Production Data Management Solutions (PDMS) to PTTEP with additional projects ongoing. P2 also has customers leveraging its joint venture accounting platform, and the opening of the local office provides local support and on the ground resources to its customers.

Customers in the upstream oil and gas sector will benefit from a broad range of P2 products, including Production Operations (built on ISS Group’s proven solutions), IDEAS, Reserves Management and Beyond Compliance.

The office will be headed up by new hire Bart Saunders, who joins P2 with seven years’ experience in the Thailand upstream oil and gas software solutions domain.

Richard Pang, Senior Vice President, Asia-Pacific at P2 Energy Solutions, commented: “Our new office in Bangkok is an exciting development for P2. We see a lot of opportunities in upstream oil and gas in Thailand, and will be looking to build on our existing relationships as we pursue these. We are also delighted to have Bart on board to lead this push."

About P2 Energy Solutions
P2 Energy Solutions is the only technology company that provides a comprehensive range of software, geospatial data, land management tools, and outsourcing to the energy industry. More than 1,450 companies use P2 products and services daily to improve decision-making, gain clarity into complex workflow scenarios, and optimize upstream efficiency. P2's core focus is the upstream oil and gas industry. P2's solutions are flexible and extensible and have been adopted by customers in manufacturing, midstream oil and gas, mining and minerals. With more than 80 years of experience in data and 30 years in software, P2 has offices around the world, and employs over 700 people.

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