EduBourseActualitésShell signs agreement to sell its stake in Thailand’s Bongkot field

Shell signs agreement to sell its stake in Thailand’s Bongkot field

Dernière mise à jour: octobre 21, 2021

Singapore 31 January 2017: Shell has reached an agreement with KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), for the sale of subsidiary companies Shell Integrated Gas Thailand Pte Limited and Thai Energy Co Limited, which together hold a 22.222% equity stake held in the Bongkot field, and adjoining acreage offshore Thailand consisting of Blocks 15, 16 and 17 and block G12/48, for USD 900 million.

Shell’s partners in the Bongkot Asset are the operator of the field, PTTEP, with 44.445% equity, and Total with 33.333% equity.

This transaction shows the clear momentum behind Shell’s global, value-driven $30bn divestment programme, and is consistent with the company’s strategy to high-grade and simplify its portfolio following the acquisition of BG. This transaction is expected to be completed in Q1 2017.

This announcement has no impact on Shell’s other business interests in Thailand.

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
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