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]