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PTTEP acquires offshore gas block in $450 million deal with Chevron subsidiaries

PTTEP acquires offshore gas block in $450 million deal with Chevron subsidiaries

by Offshore Reporter | Jul 27, 2025 | Offshore

Thailand’s PTTEP has signed an agreement to buy 100% of shares of Hess International Oil Corporation, which holds a 50% participating interest in the offshore natural gas Block A-18 of the Malaysia–Thailand Joint Development Area (MTJDA).

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PTTEP acquires offshore gas block in $450 million deal with Chevron subsidiaries

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