PTTEP Establishes 4 Subsidiaries to Support Its Business Growth

PTTEP establishes four subsidiaries that mainly focus on using AI and robotics to support its business growth plans

PTT Exploration and Production Public Company Limited (PTTEP) announces that AI and Robotics Ventures Company Limited (ARV), a subsidiary of PTTEP, has established four subsidiaries to support its business growth plans, per the following details:

The four subsidiaries namely Rovula (Thailand) Company Limited (ROVULA), Skyller Solutions Company Limited (SKYLLER), Varuna (Thailand) Company Limited (VARUNA), and Cariva (Thailand) Company Limited (CARIVA), have each been incorporated with an initial registered capital of 1,000,000 Baht, consisting of 100,000 ordinary shares at 10 Baht each and ARV has 100% shareholding in all four companies. 

ROVULA is focused on using advanced artificial intelligence (AI) and robotics to provide end-to-end subsea and marine inspection, repair, and maintenance in the oil and gas industry and beyond. 

SKYLLER provides integrated asset inspection and management services via its proprietary platform to industry asset owners by leveraging multiple fleets from drones to robotics and AI platform-as-a-service (PAAS) into unique solutions.  

VARUNA leverages AI, satellite technology, and unmanned aerial vehicles (UAV) to offer state-of-the-art smart-farming and smart-forestry solutions to farmers and agricultural businesses. 

CARIVA is a health data network which leverages AI, IoT, and robotics to empower and generate health insights to users, both individuals and businesses.

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