Thai Bhumi making it big on the world stage.

[syed putra]

PTTEP swoops on one of the UAE’s largest gas fields​

Thai national upstream company expands its foothold in strategic investment area with purchase of Ghasha stake

Montri Rawanchaikul, chief executive of PTTEP.Photo: PTTEP

• Amanda Battersby

Asia Bureau ChiefSingapore


Published 12 June 2024, 07:53

Thailand’s national upstream company PTTEP has acquired a 10% participating interest in the Ghasha Concession, one of the largest natural gas fields in the United Arab Emirates.
PTTEP on Tuesday confirmed it had signed a sales and purchase agreement with Wintershall Dea to buy the German company's equity in the Ghasha sour gas asset, which the purchaser described as a “sizeable” natural gas field offshore Abu Dhabi in the United Arab Emirates (UAE).