Statoil Signs MoU With Thailand’s PTTEP

Norwegian oil and gas firm Statoil said on Friday it had signed a memorandrum of understanding on collaboration with Thailand’s PTT Exploration and Production (PTTEP).

“Through this MoU, we extend the cooperation and expressed a positive willingness to identify joint business opportunities and technological projects,” Statoil chief executive Helge Lund said in a statement.

The two companies will seek cooperation in “conventional and unconventional resources”, as well as liquefied natural gas (LNG), Statoil

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