PTTEP Announces Completion of Divestment in 2 Projects in Angola and Australia

PTT Exploration and Production Public Company Limited (SET: PTTEP) has announced the completion of the divestment in Australia and Angola.

PTTEP announced a a sale of its entire 2.5% participation interest in Block 17/06 Project in Angola to SOMOIL BLOCO 17/06 (SU), S.A. (renamed to ETU ENERGIAS – BLOCO 17/06 (SU), S.A.), a subsidiary of Sociedade Petrolifera Angolana, S.A. (renamed to ETU ENERGIAS, S.A.

This divestment marks the withdrawal of PTTEP from Angola, aligned with the Company’s strategy, the company stated in the announcement.

Meanwhile, PTTEP also announced a completion of the divestment of petroleum retention lease AC/RL7 (Cash-Maple Project) in Australia in pursuant of its statement dated 21 August 2023.