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PTT Exploration and Production Public Company

PTT Exploration and Production Public Company latest

BP to Sell 20 Percent Stake in Oman’s Block 61 for $2.6 Billion
February 2nd, 2021 - 11:30 GMT

BP to Sell 20 Percent Stake in Oman’s Block 61 for $2.6 Billion

BP has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and Production Public Company (PTTEP) of Thailand for a total consideration of $2.6 billion. Following completion of the sale, BP will remain operator of the block, holding a 40% interest. The deal is expected to complete during 2021, reported Oman News Agency (ONA). The agreed total consideration of $2.590 billion comprises $2.450 billion payable ...
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