Majority state-owned refiner Bangchak Petroleum Plc (BCP) will pay A$22.2 million (661 million baht) for a nearly 20% stake in Australian oil and gas explorer Nido Petroleum Ltd.
This ship is part of Nido Petroleum’s operations in Philippine waters. Bangchak Petroleum is obtaining a 20% stake in the Australian oil and gas exploration company.
The move is aimed at expanding Bangchak's international portfolio and leverage business risks.
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