Thai operator PTTEP has not only agreed a $2.127 billion deal to buy Murphy Oil's Malaysian assets, but has also been awarded interests in two new exploration blocks off Peninsular Malaysia, writes Amanda Battersby.
The Thai national upstream player has teamed up with Malaysian counterpart Petronas Carigali for shallow-water blocks PM 407 and PM 415.
The agreed commitment workscope involves 3D seismic surveying and two exploration wells on Block PM 407 and two wildcats on PM 415.
