BANGKOK: Royal Dutch Shell said it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand to PTT Exploration & Production PCL (PTTEP) for US$750mil before tax.
The transaction is expected to be completed in the second quarter, both companies said yesterday.“This sale takes Shell a step closer to its divestment target of US$30bil” of non-core assets, Shell said in a statement.
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