OSLO: Bangchak Corporation Plc will become the largest shareholder in Okea after the Norwegian oil firm buys some Shell assets off Norway, Okea chief executive said on Friday.
The SET-listed oil and gas firm will take a 45-49% stake in Okea after committing around 1 billion crowns (3.9 billion baht) to the previously announced 4.5 billion crown deal to buy Shell's stakes in the Draugen and Gjoea fields, Erik Haugane told Reuters.
He also said Bangchak was behind the earlier announced plan to list Okea in Oslo within 12 months.
Bangchak shares dropped 50 satang or 1.42% to 34.75 baht on Friday.