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AUSTRALIA

PTTEP to fork out $A248.4m for Coogee

THAILAND's state upstream oil company PTT Exploration and Production (PTTEP) has made a $US170 million ($A248.4 million) conditional agreement to buy unlisted Australian oil and gas explorer Coogee Resources.

PTTEP to fork out $A248.4m for Coogee

The deal will give PTTEP control of the Montara project (100%) as well as the Jabiru and Challis fields (70.94%) in the Timor Sea. These fields have estimated 1P reserves of about 32 million barrels of...

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