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ID - PTTEP acquires Murphy’s Malaysia portfolio for $2.13B - March 2019
PTTEP is acquiring Murphy Oil’s Malaysian assets for $2.13 billion in cash plus up to $100 million in a bonus payment contingent upon certain future exploratory drilling results prior to October 2020. For US-based Murphy, the transaction marks its full exit from Malaysia after 20 years as it sharpens focus on its US assets in South Texas and the Gulf of Mexico. For PTTEP, the deal was announced concurrently with the company’s signing of petroleum sharing contracts with Malaysia’s Petronas for E&P......
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