PTTEP keen on larger stake
- Published: 22 Feb 2013 at 00.00
- Newspaper section: Business
PTT Exploration and Production Plc (PTTEP) may buy additional shares in Mozambique's Rovuma offshore area if other shareholders want to offload their stakes.
The company now owns 8.5% of the project through Cove Energy, which it acquired last year for US$1.9 billion.
Videocon, which owns 10%, wants to sell all its shares, while Anadarko, with 36.5% ownership, reportedly plans to give up a 10% stake.
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