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Tevin Vongvanich, the president and CEO of PTT Exploration and Production Public Co. Ltd. (PTTEP), revealed that PTTEP Africa Investment Ltd. successfully acquired the entire shares capital of Cove Energy Plc.
PTTEP received written consent to the indirect change of control in Cove from the Republic of Mozambique’s Minister of Mineral Resources.
The joint venture partners for Rovuma area 1 are: PTTEP AI, with 8.5%; Anadarko, operator, 36.5%; Mitsui, 20%; ENH, 15%; Bharat Petroleum, 10%; and Videocon, 10%.
The acquisition also includes 10% interest in the onshore Rovuma exploration block in the Republic of Mozambique and 10 – 25% interest in seven exploration blocks in the Republic of Kenya offshore deepwater.