Thai PTTEP looks to sell down stakes in Australian petroleum permits
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;))