Strega cooperates with China Petroleum to drill 3.3 billion oil pipelines
Strega, a subsidiary of "Triton Holdings," signed a joint venture with China Petroleum Pipeline Bureau Thailand (CPP) to drill a 600 km long oil pipeline worth more than 3,300 million baht hope to help reduce the traffic congestion, the environment and the risk of an oil-truck accident.
Strega, a wholly-owned subsidiary of TRITON Holding (TRITN), today announced it has signed a cooperation agreement with China Petroleum Pipeline (CPP), a subsidiary of TRITON. A subsidiary of China Petroleum Pipeline Bureau Thailand (CPP) on May 19. In the Nothern Fuel Pipeline Transportation Project (NFPT), Strega has been granted the right by Fuel Pipeline Transportation Limited (FPT) to use Open Cut and Horizontal Directional Drilling (HDD).
With a total construction period of 568 km, starting from Bang Pa-in oil depot. Bang Pa-in District Phra Nakhon Si Ayutthaya Province to the oil depot in Lampang. The total value of the project is 3,300 million baht. Ms. Louise Taechaubol, President of Triton, the daughter of the president of Country Group, Mr. Sadawut Taechaubol, has signed a contract with General Lertrat Ratanavanich, Triton Chairman, Triton Holding Mr. Pipat Suvanajata, Chief Executive Officer of Strega and Mr. Prasert Trongcharoenkiet Chief Financial Officer, Strega, represented by Strega, signed with Ms. Zhang Suisheng and Ms. San Su Tong from China Petroleum Pipeline Bureau Thailand.
Strega and China Petroleum Pipeline Bureau Thailand will jointly carry out oil drilling. This will help reduce traffic congestion, the environment and the risk of an oil-truck accident. Working with China Petroleum Pipeline Bureau Thailand, a subsidiary of CNPC, ranked the third in the Fortune Global 500, is guaranteed to be they have a lot of experience and have a great vision able to administer and lead the company to move forward into the bright future.