Royal Dutch Shell plc has cancelled a $900 million sale of its two Thailand subsidiaries – Shell Integrated Gas Thailand Pte Limited (SIGT) and Thai Energy Co Limited (TEC) to KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC).
SIGT and TEC together hold a 22.222 percent equity stake in the Bongkot field and adjoining acreage offshore Thailand consisting of Blocks 15, 16 and 17 and block G12/48. Shell’s partners in the Bongkot asset are operator of the field, PTT Exploration & Production (PTTEP), with 44.445 percent equity, and Total with 33.333 percent equity.
Royal Dutch Shell plc has cancelled a $900 million sale of its two Thailand subsidiaries – Shell Integrated Gas Thailand Pte Limited (SIGT) and Thai Energy Co Limited (TEC) to KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC).
SIGT and TEC together hold a 22.222 percent equity stake in the Bongkot field and adjoining acreage offshore Thailand consisting of Blocks 15, 16 and 17 and block G12/48. Shell’s partners in the Bongkot asset are operator of the field, PTT Exploration & Production (PTTEP), with 44.445 percent equity, and Total with 33.333 percent equity.
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