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.

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Royal Dutch Shell plc published this content on 31 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2018 07:14:14 UTC.

Original documenthttps://www.shell.com/media/news-and-media-releases/2018/shell-agrees-to-sell-stake-in-thailand-bongkot-field-to-pttep.html

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