PTT in Gas Swap With CNOOC

Thailand's PTT Exploration and Production (PTTEP) has announced that it is to sign a deal with Chinese giant CNOOC later this month to swap stakes of gas fields in Myanmar.

In February, PTTEP, a subsidiary of Thailand's largest energy company PTT BK, said it would swap its 20 percent stake in Myanmar's offshore Block M3 and M4 for CNOOC's A4 and C1 blocks.

By staff writer