Two Shell affiliates have completed the sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand to PTTEP for $750 million.
Offshore staff
THE HAGUE, the Netherlands– Two Shell affiliates have completed the sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand to PTTEP for $750 million.
Shell Integrated Gas Thailand and Thai Energy Co. held stakes in blocks 15, 16, and 17 and block G12/48.
Following the transaction, PTTEP’s operated stake in Bongkot has increased to 66.6667%, with Total holding the remaining 33.3333%.
Shell has been working on a global $30-billion divestment program, designed to simplify and refocus its portfolio.
