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Thai company PTTEP in takeover of major Malaysian oil business

The deal, worth $ 2.1 billion ( Bt67 billion) was reported to the Stock Exchange of Thailand late on Thursday and was struck through the purchase by PTTEP's subsidiary company, PTTEP HK Offshore Ltd, of equity in two subsidiaries of Murphy; Murphy Sarawak Oil Co Ltd (Murphy Sarawak) and Murphy Sabah Oil Co Ltd (Murphy Sabah).

Those two Murphy companies currently hold 5 projects: 2 producing, 1 development and 2 exploration projects ¬- with total estimated proved and probable reserves (2P) of approximately 274 million barre…
Business News

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