PTTEP and Statoil agree a swap deal for their interests in the Kai Kos Dehseh oil sands project (see deal 13388)
On 30 January 2014, Statoil and PTTEP agreed to swap assets within the Kai Kos Dehseh oil sands project. PTTEP, previously a 40% stakeholder in all properties, will now take on operating duties and sole ownership of the Thornbury, Hangingstone and South Leismer leases. Statoil increases its 60% stake in the Leismer and Corner projects to 100%, gaining full control of the more advanced development areas. Key Facts Parties ...