1st Sep 2015 13:17
LONDON (Alliance News) - BG Group PLC is understood to have put its 22.2% stake in the huge Thai Bongkot offshore gas field on sale, Reuters reported, citing sources.
Reuters said the sale of the assets, which is understood to be on the block with a USD1.2 billion asking price, is the first major asset sale to have emerged since BG agreed to be acquired by Royal Dutch Shell PLC in April.
One of the sources said BG has hired Morgan Stanley to run the sale of the field, which supplies around a fifth of Thailand's domestic gas demand.
http://uk.reuters.com/article/2015/09/01/uk-bg-thailand-idUKKCN0R13IB20150901
By Sam Unsted; [email protected]; @SamUAtAlliance
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