BANGKOK -- Thailand's state-owned resource developer PTT Exploration and Production said Monday it will spend $2.45 billion to purchase a 20% interest in an Omani natural gas field from British oil major BP.
Thailand is looking to acquire gas fields abroad to make up for diminished reserves at home. PTTEP, a subsidiary of energy conglomerate PTT, aims to expand liquefied natural gas operations and is beefing up its overseas business.
