Thailand’s PTTEP buys 25% stake in an Onshore Exploration Block in the UAE

Thai player, PTT Exploration Production company (PTTEP) has acquired 25 percent stakes in the oil and gas exploration block of the Concession Area C from Eni in Sharjah, UAE.

PTTEP said that their investment was aligned with their focus on petroleum prolific areas in the UAE.

The company further added that the merger will complete once all official documents are signed, approvals from the government have been obtained, and ....