PTTEP partners with Total in Myanmar’s MD-7 field

PTT Exploration and Production Plc (PTTEP) has entered into a partnership agreement with Total E&P Myanmar, divesting a 50% participating interest in the Myanmar MD-7 Project. The company will collaborate with Total in the exploration and development activities in the block, which is located in the Gulf of Moattama, offshore Myanmar. The transaction has been […]

PTTEP subsidiary divests in Myanmar blocks

After the divestiture, PTTEP SA’s holding in the two onshore blocks will be reduced to 70 per cent, while Moeco and Palang Sophon will each hold 10 per cent in both fields. The balance is taken up by Win Precious Resources. Tevin Vongvanich, president and chief executive of PTTEP, said the divestiture was part of […]