The transfer of the 2.5 percent contractual position that Partex held in the contractor group operating Block 17/06 in the Angolan offshore was formalized through executive decree 237/20 to which Lusa had access.
Partex had been in Angola since 2006.
The Calouste Gulbenkian Foundation concluded in November 2019 the sale of the oil company Partex to the Thai PTTEP for around US$622 million, the Portuguese institution announced.
The sale agreement was signed on 17 June 2019, materializing the institution's intention to leave the business founded by Calouste Gulbenkian in 1938.
According to the institution headed by Isabel Mota, the agreement with PTTEP - which includes "an asset that represented around 18 percent of the foundation's total investments" - "will allow Partex's growth and expansion and its entry into a new development cycle", as well as aligning "the foundation with the vision of a sustainable future that it shares with other major international foundations".
"At this moment, taking into account the partner we have chosen, I am sure that Partex will have a bright future in the sense of being able to have the dimension and resources necessary to evolve and to be able to increase its intervention," said Isabel Mota to the journalists at the time.
The executive president of Partex, António Costa e Silva, on the same occasion, said he believed that the new shareholder will allow production to increase and grow in new geographies, especially in Portuguese-speaking countries.
Speaking to journalists, Costa e Silva said that the acquisition by the Thai public company will allow "the creation in Portugal of a platform for the growth of PTTEP in the world, especially for the Western Hemisphere, starting in the Middle East, but extending to all these areas, especially the countries where Portuguese is spoken".
PTTEP is a public company, listed on the Thailand Stock Exchange, which is part of the Dow Jones Sustainability indices. Operating since 1985, it has 46 oil projects in 12 countries around the world.
