ExxonMobil sells stake in Seligi oil field to UK's EnQuest


KUALA LUMPUR: ExxonMobil Exploration & Production Malaysia Inc. (ExxonMobil) is selling its stake in the Seligi Oil Field in the South China Sea and the PM8 Production Sharing Contract (PSC) to EnQuest PLC's Malaysian unit.

It said on Friday that EnQuest, which is a UK-based petroleum exploration and production company, would take over the operations of these assets.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Sime Motors to increase service centres supporting BYD
Travel segment to buoy Tune Protect revenue
Banking sector growth trajectory intact
Livestock trade expands to RM1.4bil in value in 2023
MYMBN impacted by halt in bird’s nest exports
Bank Islam surpasses RM4bil green financing target
Third executive to contest firing by SingPost
TM One, SDEC expand Sarawak partnership
Specialty chemicals fuel PetChem’s bright outlook
Ringgit gains on rising oil prices

Others Also Read