Bangchak Corporation, a prominent energy conglomerate listed on the Stock Exchange of Thailand (SET), is advancing its petroleum business in Norway. The corporation, via its subsidiary Okea ASA, is set to develop an additional production facility at the offshore Brasse petroleum field in the North Sea.
This move aligns with Bangchak’s 2022 announcement to bolster its investments in oil and gas exploration and production, reaffirming its commitment to fortifying its upstream petroleum business.
Okea ASA, headquartered in Norway, specialises in oil and gas drilling. According to Chaiwat Kovavisarach, Bangchak’s chief executive and chairman of Okea ASA, the Brasse field holds an estimated 24 million barrels of oil equivalent in recoverable reserves. Okea ASA has a significant 39.2% share…
