PTTEP to negotiate Bahrain block
Offshore staff
BANGKOK, Thailand -- PTT Exploration and Production Public Co. Ltd. says it will negotiate an exploration and production-sharing agreement for a tract offshore Bahrain.
The Bahrain National Oil and Gas Authority has notified PTTEP that it was the successful bidder for the 2,228-sq-km (860-sq-mi) block 2, which is in a potential oil-bearing basin.
PTTEP will hold 100% interest in the block, which it has added to its Middle East assets, which include block 44 and block 58 in Oman and the Saveh block in Iran.
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