Anglo-Dutch supermajor Shell has struck a deal to sell its interest in a number of Thai assets, including the Bongkot field, to Kuwait Foreign Petroleum Exploration Company (Kufpec) for $900 million.
Shell revealed Tuesday it would sell two subsidiary companies which hold a 22.222% equity stake in Bongkot and adjoining acreage, consisting of blocks 15, 16 and 17 and G12/48.
Kufpec said in a separate statement the deal would provide it with 68 million barrels of oil equivalent in proved and probable reserves, adding the assets produced roughly 39,000 boe per day in 2016.
Shell
