Announced
Financials
Sources
Tags
offshore drilling
Private
Thailand
Acquisition
Pending
Offshore Drilling and Other Services
gas offshore assets
Friendly
Single Bidder
Synopsis
PTTEP HK Holding, a subsidiary of PTT Exploration and Production Public Company(PTTEP) acquires 39% stakes in APICO from Coastal Energy Company (Khorat) for $74m. “This acquisition of an additional interest in APICO underlines PTTEP’s growth strategy in expanding investment in Thailand. The deal will generate a return on investment to PTTEP while also driving further development of Sinphuhorm Project to support electricity generation in the northeast of Thailand.” Phongsthorn Thavisin, PTTEP President and Chief Executive Officer.
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