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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell    RDSA   GB00B03MLX29

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Royal Dutch Shell : Shell scraps $900m Thai gas sale

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10/05/2017 | 07:11am CEST

ROYAL Dutch Shell has cancelled a $900m (£679m) deal to sell its Thai gas field stakes to Kuwait's state oil company after the deal took too long to complete.

The oil major announced the deal to sell its 22 per cent stake in the Bongkot natural gas field and adjoining offshore acreage to Kuwait Foreign Petroleum Exploration Company (KUFPEC) in January as part of its divestment drive following the acquisition of rival BG Group for $70bn.

The deal was set to complete in the first quarter of 2017.

"Although Shell and the Thai government have worked together closely and collaboratively on the matter, the different interpretations of the treatment of share sale transactions were not resolved within Shell and KUFPEC's agreed timeframe. Therefore, both parties jointly decided to terminate the transaction," a Shell spokesperson said.

Shell's two Thai subsidiaries will continue to support operations and development at Bongkot with joint venture partners PTT Exploration & Production and Total.

Shell Integrated Gas Thailand also plans to participate in the upcoming licensing round for the extension of the Bongkot concession.

(c) 2017 City A.M., source Newspaper

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Financials ($)
Sales 2017 283 B
EBIT 2017 21 924 M
Net income 2017 13 845 M
Debt 2017 60 707 M
Yield 2017 6,04%
P/E ratio 2017 16,69
P/E ratio 2018 15,19
EV / Sales 2017 1,11x
EV / Sales 2018 1,04x
Capitalization 253 B
Chart ROYAL DUTCH SHELL
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Royal Dutch Shell Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Technical analysis trends ROYAL DUTCH SHELL
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 31,7 $
Spread / Average Target 4,3%
EPS Revisions
Managers
NameTitle
Ben van Beurden Chief Executive Officer & Executive Director
Charles O. Holliday Chairman
Jessica Uhl Chief Financial Officer
Harry Brekelmans Director-Technology & Projects
Gerardus Johannes Wijers Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL DUTCH SHELL-0.62%253 407
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