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Thailand-based energy firm, Bangchak Corporation (BCP) has decided to sell its stakes in the Galoc oil field to Tamarind Galoc Pte in a $20 million deal. BCP owns 55.8% interest in the field. The Galoc oil field is moving towards the last stage of production life, with 2 years of remaining life. BCP purchased a 45% stake of Okea AS last month, which will help continue upstream petroleum production uninterruptedly.
