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Thai firm knock out BP/ Shel lto enter east Africa exploration industry

Discussion in 'International Forum' started by mwathai, Jul 19, 2012.

  1. m

    mwathai Senior Member

    Jul 19, 2012
    Joined: Apr 2, 2012
    Messages: 189
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    Thailand's PTT E&P is poised to enter the east African LNG exploration industry if she pays some US$1.9 billion to takeover of Cove Energy Plc. after Royal Dutch/Shell bowed out of a five-month bidding war. PTTE&P had outbid Shell/BP by more than $300 million.
    EAER Briefs: Thai Firm to enter east Africa's exploration industry