BANGKOK/SINGAPORE (March 20): The Asian energy companies sitting on the largest horde of cash outside China are ready to put it to use.

Thailand’s PTT Exploration & Production Pcl and its parent company have nearly US$11 billion ($15.4 billion) combined in cash and marketable securities, such as bonds and other short-term investments. The explorer is ready to spend from its portion on projects and exploration acreage to rescue declining oil and gas reserves, according to Chief Executive Officer Somporn Vongvuthipornchai.

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