PTT Exploration & Production, Total to Invest in Oman Exploration Block
February 19 2020 - 9:45PM
Dow Jones News
By P.R. Venkat
PTT Exploration & Production PCL and France's Total SA have
signed an investment agreement for the exploration and production
of an onshore block in Oman.
The agreement was signed by the units of both companies and
Oman's Oil and Gas Ministry, PTTEP said in a filing to Thailand's
stock exchange late Wednesday.
The Thai entity will have a 20% stake, while the remainder will
be held by Total.
The investment is part of PTTEP's plan to expand its portfolio
in the Middle East, according to the filing.
The companies didn't disclose the financial details of the
investment.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
February 19, 2020 21:30 ET (02:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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