PTTEP buys Timor Sea assets

摘要

Thailand's state-owned PTTEP has acquired all of OMV's Timor Sea assets for around US $10m. PTTEP will take over OMV's equity in five blocks: AC/RL4&5, AC/RL6, AC/P4, AC/P17 and AC/P24.AC/RL6 contains the Audacious and Tenacious fields, which could start production within two years, said the Thai operator.