(EnergyAsia, November 29 2010, Monday) — Thai upstream company PTT Exploration and Production (PTTEP) has agreed to pay US$2.28 billion Norway’s Statoil for a 40% stake in its oil sands project in Canada’s Alberta province. Statoil will retain 60% ownership in the Kai Kos Dehseh (KKD) project which it will continue to operate while subsidiary…
THAILAND: PTTEP to pay US$2.28 billion for 40% stake in Canadian oil sands project
Posted on November 28, 2010 by EnergyAsia