Thai PTTEP looks to sell down stakes in Australian petroleum permits

Thailand's PTTEP said on Wednesday it was looking to sell down stakes in its petroleum exploration permits in Australia, including the Cash Maple gas project, as part of a broader plan to focus on Southeast Asia and the Middle East.

MELBOURNE, Sept 11 (Reuters) - Thailand's PTTEP PTTEP.BK said on Wednesday it was looking to sell down stakes in its petroleum exploration permits in Australia, including the Cash Maple gas project, as part of a broader plan to focus on Southeast Asia and the Middle East.

PTT Exploration and Production PCL owns 100 percent of the Cash Maple project off northwestern Australia, which holds a gas resource of 3.5 trillion cubic feet.

"PTTEP is looking at risk-reward sharing opportunities in Cash Maple and other exploration permits in Australia," a PTTEP spokesman said in emailed comments.

(Reporting by Sonali Paul; Editing by Clarence Fernandez)

((Sonali.Paul@thomsonreuters.com; +61 3 9286 1419;))

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