PTTEP Buys Chevron’s Hess Unit Share of Southeast Asia’s Offshore Block for $450M


Dateline 2025-07-25, Offshore Engineer:

Thailand’s state-backed energy firm PTT Exploration and Production (PTTEP) has acquired 50% of Block A-18 in the Malaysia–Thailand Joint Development Area (MTJDA) through a $450 million deal with Chevron’s subsidiaries.

The transaction, completed on July 25, was executed through PTTEP Joint Development SG, a newly established Singapore-based subsidiary of PTTEP.

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This entry was posted on Friday, August 22nd, 2025 at 9:00 am and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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