Pertamina buys Malaysian assets

Jakarta: Indonesian energy giant Pertamina is buying a 30% stake in Murphy Oil’s oil and natural gas assets in Malaysia for $2bn in cash.

Murphy, which entered Malaysia in 1999, will remain operator of the developments.

Murphy’s assets in Malaysia produced the equivalent of about 86,000 barrels a day last year. 

Pertamina’s counterpart in Malaysia, Petronas, has still to approve the deal.  [01/10/14]

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