Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/murphy-oil-closes-second-phase-of-partial-divestit.shtmlMurphy Oil closes second phase of partial divestiture of Malaysian assets
Murphy Oil Corporation’s wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. (collectively "Murphy"),
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Murphy Oil Corporation’s wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. (collectively "Murphy"), have closed on the second phase of the sale of 30% of Murphy's Malaysian oil and gas assets to PT Pertamina Malaysia Eksplorasi Produksi (Pertamina).
The second phase covers the remaining one-third of the transaction or 10% of Murphy's Malaysian oil and gas assets.
The first phase for two-thirds of the transaction closed on December 18, 2014. The total transaction for 30% of Murphy's Malaysian oil and gas assets had an aggregate sale price of $2.0 billion, subject to normal closing adjustments, with an effective date of January 1, 2014.
