PTTEP to acquire additional shareholding in APICO LLC
Clients PTT Exploration and Production Public Company Limited
Jones Day represented PTT Exploration and Production Public Company Limited ("PTTEP"), a publicly listed petroleum exploration and production company based in Thailand, in connection with its subsidiary, PTTEP HK Holding Limited, agreeing to acquire an additional 39 percent stake in APICO LLC from Coastal Energy Company (Khorat) Limited. The deal, which has a total transaction value of approximately USD 74 million, will increase PTTEP's share in APICO LLC to 72.8 percent. APICO LLC is a Delaware entity that holds interests in several blocks onshore Thailand, including in the Sinphuhorm gas project in northeast Thailand.