5 July 2021 3:38 GMT Updated 5 July 2021 3:38 GMT Thailand's Bangchak Corporation said it has divested its Philippines-focused oil and gas upstream subsidiary with four offshore production sharing contracts to Australia's Sacgasco. Bangchak said in a Thai stock exchange announcement it had executed a share purchase agreement to sell all shares held in its wholly-owned subsidiary BCP Energy International to Australian-listed Sacgasco. Are you missing out on ACCELERATE? Gain valuable insight into the global oil and gas industry's energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. The transaction was completed on 2 July 2021. No rationale or further details were provided for the divestment.