Bangchak: Okea’s Thai major shareholder – We want them to grow many times over
Bangchak: Okea’s Thai major shareholder – We want them to grow many times over
Bangchak Corporation Public Company Limited, one of our premium members, had the CEO as a representative of the company to attend the OKEA board meeting in Norway. They were having a conversation about Bangchak business strategy and how OKEA , as a partner, can assist the company to grow in the future.
On 24 September 2024, while attending the OKEA board meeting in Norway, Bangchak Group CEO and President, Bangchak Corporation Plc., Chaiwat Kovavisarach, gave an interview to Finansavisen, a leading Norwegian business media outlet, alongside Svein J Liknes, CEO of OKEA. The interview was headlined, “OKEA’s major Thai shareholder: – We want them to grow many times over.”
He spoke about Bangchak’s business strategy of maintaining balance amid energy sector challenges, particularly by diversifying investments into both renewable energy and oil and gas. Over the past decade, Bangchak has experienced substantial growth, with OKEA playing a pivotal role in diversifying the upstream business portfolio and creating long-term value, helping Bangchak remain competitive in both traditional and renewable energy sectors.
He also mentioned investment opportunities in petroleum exploration and production in Asia, which holds great growth potential. He noted that experiences from Norway’s operations would serve as a model for business expansion into other regions.
OKEA’s strategy focuses on increasing oil and gas production on the Norwegian Continental Shelf by enhancing asset value and balancing the portfolio for diversified growth.
Both Chaiwat and Svein emphasised sustainable growth, prioritising disciplined financial management to ensure the long-term expansion of both traditional and renewable energy sectors. This disciplined approach will allow them to drive business growth effectively while maintaining profitability.
About Bangchak Corporation Public Company Limited
Bangchak Corporation Public Company Limited, a Thai energy company engaging in business alongside social and environmental stewardship, aims to enhance national energy security with innovation-oriented businesses. This goal is to strengthen business continuity and develop sustainability for organisations and Thai society. The company emphasises inclusive and sustainable business, pursue domestic and overseas expansion, embraces good corporate governance principles, and nurtures a high-performance organisation, learning culture and happy workplace. Currently, the Company covers 5 main businesses from upstream to downstream, along with Bangchak Initiative and Innovation Center.
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