Staff Reporter
Thailand’s PTT Exploration and Production PTTE.BK said its PTTEP Bangladesh subsidiary had signed agreement with a subsidiary of Total to explore two offshore blocks in the north of the Bay of Bengal, Forbes Magazine reported from Bangkok yesterday.
The agreement, which needed approval from the Bangladesh government and other partners in blocks-17 and 18, was PTTEP’s first investment in South Asia and gave PTTEP Bangladesh a 30 per cent stake in the project, PTTEP president Maroot Mrigadat said in a statement. [Read more]