On 12th January, it was reported that PTTEP, Thailand’s state owned oil company, is keen to acquire BG’s stake in Bongkot. The Bongkot area is located in the Malay Basin in the Gulf of Thailand and consists of various gas accumulations. It is currently owned by PTTEP (44.45% operator), Total (33.33%) and BG (22.22%). PTTEP’s potential desire to acquire this asset is in line with the strategy of Asian NOCs’ of security of supply. For BG, the disposal...
