Jadestone satisfies conditions for Montara acquisition from PTTEP
Jadestone Energy has satisfied all conditions precedent to its proposed acquisition of the Montara oil project, offshore Australia, from Thailand’s PTTEP.
The independent oil and gas producer announced on Friday that the transaction was expected to complete within 10 days.
PTTEP announced its decision to divest its 100% stake in the Montara field to align with the company’s business strategy aimed to focus on the operations and projects in strategic locations back in mid-July. The...