Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 31-01-2018 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | PTT Acquisition of Bangkok Gas Project, Thailand | Industry: | Oil & Gas Producers |
| Description: |
Slaughter and May advised PTT Exploration and Production Public Company Limited and PTTEPI International Limited in relation to the conditional acquisition of a 22.2222 per cent. stake in the Bongkot Project from Shell Integrated Gas Thailand Pte Limited and Thai Energy Company Limited (both Shell subsidiaries). The transaction value, before tax, was approximately USD750 million. The Bongkot Project, consisting of Blocks B15, B16, B17 and G12/48, is a natural gas field in the Gulf of Thailand operated by PTTEP. The Bongkot Project is a vital source of energy supply for electricity generation, accounting for approximately 30 per cent. of Thai domestic natural gas output.
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| Financial Center: | Hong Kong | Value: | 500.01-1000.00 |
| Advised Party: | Purchaser | Law Firm | Slaughter and May |
| Assets Jurisdiction | Thailand | Purchaser Jurisdiction | Thailand |
| Classification: |
Transfer of Infrastructure Assets Oil & Gas Assets |
Lawyer | David Watkins |
