BP to sell stake in Oman’s Block 61 to PTTEP for $2.6bn , February 2, 2021 BP has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and Production Public Company (PTTEP) of Thailand for a total consideration of $2.6 billion. Following completion of the sale, BP will remain operator of the block, holding a 40% interest. The deal is expected to complete during 2021, reported Oman News Agency (ONA). The agreed total consideration of $2.590 billion comprises $2.450 billion payable on completion (subject to final adjustments) and $140 million payable contingent on pre-agreed future conditions. Following completion, participating interests in Block 61 will be: BP, 40%; OQ, 30%; PTTEP, 20%; and Petronas, 10%.