PTTEP to acquire a 10% stake in Ghasha Concession from Wintershall Dea.

PTTEP, crude oil and natural gas explorer and producer, agreed to acquire a 10% stake in Ghasha Concession from Wintershall Dea, an independent European gas and oil company. Financial terms were not disclosed. The acquisition will improve PTTEP’s long-term gas production profile by maintaining relatively high proportion of gas mix.