An oil rig is seen in the waters on the southern coast of Pengerang.
Reuters reported in November, citing sources, that Murphy Oil was in talks to sell the assets after an unsolicited bid that could fetch between US$2 billion to US$3 billion. Others familiar with the matter had suggested Spanish oil major Repsol, whose presence in Malaysia is focused on its upstream business, or other global majors could be potential buyers for Murphy’s assets.
Source: News Formal (newsformal.com)
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