PTTEP acquires OMV Timor

PTTEP has signed a share sales agreement to acquire a 100% interest of OMV Timor Sea for $10 million.

Offshore staff

BANGKOK -- PTTEP has signed a share sales agreement to acquire a 100% interest of OMV Timor Sea for $10 million.

OMV Timor Sea currently operates the Audacious and Tenacious fields offshore Australia and has five exploration assets: blocks AC/RL4&5, AC/RL6, AC/P4, AC/P17, and AC/P24. In addition, OMV holds an 18.75% interest in the Jabiru and Challis fields.

09/25/2009

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