Thai PTTEP says keen to buy Hess assets in Thailand, Indonesia

Reuters

BANGKOK, Oct 29 (Reuters) - PTT Exploration and ProductionPcl (PTTEP), Thailand's top oil and gas explorer, iskeen to buy Hess Corp's assets in Thailand and Indonesiaas part of its attempt to boost production and petroleumreserves, PTTEP's CEO said on Tuesday.

U.S. energy companies Hess and Newfield Exploration Co have put stakes in two fields in Indonesia and two inThailand under separate auction with combined value of about $3billion, people familiar with the matter have said.

"We are interested in Hess's assets because we are alreadypartners in the two Thai fields," Chief Executive TevinVongvanich told Reuters.

"For assets in Indonesia, this is a good opportunity for usto expand our investments in the country where we already haveoperations," Tevin said, without giving details.

This is the first time PTTEP has confirmed its interest inthe Hess assets.

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