Murphy’s $2 Bn Malaysia sale

摘要

Murphy Oil has entered into an agreement with Indonesia’s state player Pertamina to sell 30% of Murphy’s Malaysian oil and gas assets for US $2 Bn in an all cash deal. The effective date of the deal will be 1 January 2014, with closing expected to take place in two phases. The first phase is expected to be completed in Q4 2014 and the second phase is expected to be completed by Q1 2015. The deal is subject to conditions, including the approval of Malaysia’s state-owned Petronas.