The agreement is for Shell's stake in Blocks 15, 16 and 17 and Block G12/48. Following the completion of this transaction, PTTEP's stake in Bongkot will increase to 66.6667%, with the remaining 33.3333% owned by Total. PTTEP is the current operator of Bongkot.
Shell's decision to divest remains driven by our strategy to sell non-core assets in order to re-shape Shell into a simpler, more resilient and focused company. This sale takes Shell a step closer to its divestment target of $30 billion.
This announcement has no impact on Shell's other business interests in Thailand.
International: +31 70 377 4540
North America: +1 832 337 2034
Shell International Media Relations: +44 207 934 5550
Shell US Media Relations: +1 713 241 4544