Bangchak continues expanding with more petroleum fields in Norway added to portfolio Bangchak continues expanding with more petroleum fields in Norway added to portfolio
TUESDAY, NOVEMBER 01, 2022
Bangchak Group continues the expansion of its natural resource business through Norway’s OKEA ASA, of which it is a major shareholder. On November 1, OKEA acquired three petroleum fields namely Brage, Ivar Aasen and Nova fields. The total value of the transaction stood at more than 4 billion baht, with revenue recognition starting from November 1 onwards.