CIMB Research has upgraded PetDag from
KUALA LUMPUR: PTT Exploration & Production Pcl (PTTEP), the Thai oil and gas explorer, is among bidders for a stake in an upstream gas project owned by Petroliam Nasional Bhd (Petronas) that could be valued at as much as US$1bil (US$4.08bil), sources said.
Japan’s Mitsubishi Corp and Kuwait Foreign Petroleum Exploration Co had also submitted offers for as much as 49% of the SK316 block, located off the Sarawak coast, sources said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
