2014-04-23 18:47:00
PTTEP BUYS HESS IN $1 B
![PTTEP BUYS HESS IN $1 B](/cache/2014/04/PTTEP-1.0a02d868.jpg)
PTT Exploration and Production Pcl (PTTEP), Thailand's top oil and gas explorer, has bought Hess Corp's assets in Thailand in a deal worth $1 billion as part of its attempt to boost its gas business, the company's CEO said on Wednesday.
"The deal is worth $1 billion. We have acquired the whole shares of Hess Thailand Holdings II Limited and Hess Exploration Thailand Company Limited," Chief Executive Tevin Vongvanich said in a statement.
reuters.com