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Shell completes sale of stake in Thailand’s Bongkot field to PTTEP
Submitted by Mark Venables on Sat, 2018-07-14 09:28
14th July 2018

Thailand’s Bongkot field
This sale, which consists of Shell’s stake in Blocks 15, 16 and 17 and Block G12/48, was announced on 31 January 2018 and completion follows receipt of the necessary regulatory approvals. PTTEP is the operator of Bongkot and with completion of this transaction, increased its stake in Bongkot to 66.6667%. The remaining 33.3333% belongs to Total.
Completion of this deal shows the clear momentum behind Shell’s value-driven $30bn divestment programme and is in line with Shell’s drive to simplify and refocus its portfolio, reshaping the company into a world class investment.
This announcement has no impact on Shell’s other business interests in Thailand.
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