On 17 June 2019, PTT Exploration and Production Public Company Limited (PTTEP) announced the US$ 622 million acquisition of Partex Holding B.V. (Partex) from the Calouste Gulbenkian Foundation. PTTEP President and Chief Executive Officer Phongsthorn Thavisin confirmed that his company's PTTEP HK Holding Limited subsidiary had signed a Share Purchase Agreement (SPA) and expects to complete the deal at the end of 2019. Partex holds interests in the Abu Dhabi, Oman, Kazakhstan, Brazil and Angola, but its history is firmly rooted within the Middle East.   Phongsthorn confirmed that âPartex has invested in Omanâs largest onshore oil field(s) for more than 80 years. This acquisition is not only a gateway for PTTEP to invest in one of the strategic areas of the Middle Eastâs oil and gas business, but also allows us to create new business partnership with both national oil companies of Oman and UAE, and world-class oil and gas players as we follow our Expand & Execute strategyâ. According to PTTEP, the Partex acquisition will add 16,000 barrels of oil a day (bo/d) of nett production and approximately 65 million barrels of oil equivalent (MMboe) to 2P company reserves.  Partex portfolio summary:     ADNOC      Gas Processing (AGP): the largest gas processing complex in Abu Dhabi with      a total capacity of 8 billion cubic feet per day (Bcf/d). The gas      processing plants in which Partex holds a 2% interest have a processing      capacity of 1.2 Bcf/d.Â Â Â Â Â Â Â Â  Â   PDO      (Block 6): the largest onshore producing oil asset in Oman. The primary      concession, in which Partex holds a 2% interest encompasses almost 100,000      square kilometers or one third of the countryâs area. PDO produced      610,1700 bo/d in 2018.  Mukhaizna      (Block 53): Occidental-operated largest producing oil field in Oman.      Mukhaizna produced approximately 120,000 bo/d in 2018, accounting for      around 13% of the country's total oil production. Partex holds a 1%      interest.  Oman      LNG (OLNG): three liquefaction trains with total LNG production capacity      of 10.4 million tons per annum (MMtpa). Oman LNG LLC is the operator of      OLNG in which Partex holds a 2% interest.  Dunga      Project: Total-operated oil field in Kazakhstan producing around 15,000      bo/d. Partex holds 20% interest in the project.  Potiguar      Project: Partex-operated oil field in Brazil yielding 300 bo/d in 2018.      Partex holds a 50% interest.  Angola      Block 17/06: Total-operated project at pre-FID stage encompassing      Gardenia, Begonia, Canna and Forsythia assets. Partex holds 2.5% interest      in the project.
Oman (South Oman Salt Sub-basin (Oman B.)) Mukhaizna