By an OGJ correspondent
BANGKOK, Feb. 9 -- PTT Exploration & Production PLC (PTTEP) announced plans to realign its portfolio. The Thai state-owned firm wants to reduce risk by reducing its holdings in 10 out of 24 projects in which it has a high ownership stake.
PTTEP Pres. Maroot Mrigadat said international firms already have shown interest in exchanging assets. PTTEP wants to divest part of its 100% interest in various assets, including Block 44 in Oman and several blocks in Myanmar's Gulf of Martaban.
PTTEP wants to increase its holdings in certain mature projects, including Yadana and Yetagun gas fields in Myanmar.
