Thailand's oil giant buys stake in Statoil Canada oil sands project
MCOT.net
BANGKOK, Nov 23 - PTTEP Netherland Holding Limited (PTTEP NL) on Monday signed a partnership unit sale agreement with Statoil Canada Ltd and Statoil Canada Holdings Corp (subsidiaries of Statoil ASA or Statoil) for a 40 per cent stake in the Kai Kos Dehseh Oil Sands Project (KKD) in Canada.
PTTEP NL is a subsidiary of Thailand's PTT Exploration and Production, and Statoil a world leader in heavy oil and deep water exploration and production.