PTTEP completed the acquisition of a 20% stake in Oman’s Block 61 from BP for $2.6bn.

PTT Exploration and Production, a national petroleum exploration and production company, completed the acquisition of a 20% stake in Oman’s Block 61, a gas developments in the Middle East, from BP, an oil and petrochemicals company, for $2.6bn. “The investment in Block 61 is aligned with PTTEP’s direction of growth, focusing on highly prolific areas, and supports our strategy towards gas value chain investments as gas produced from the block will boost availability of gas supply for Oman LNG. This successful acquisition will further strengthen PTTEP’s foothold in Oman in the long run and pave the way for future investments in the Middle East,” Phongsthorn Thavisin, PTTEP CEO.