PTTEP signs agreement to acquire Murphy Oil Corporation’s business in Malaysia Strengthen long-term growth in Southeast Asia
26 Mar 2019
Phongsthorn Thavisin (right), President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP) signed the Share Sale and Purchase Agreement (SSPA) with Mr. Michael McFadyen (left), Executive Vice President of Offshore, Murphy Oil Corporation to acquire the 100% of Murphy Oil Corporation’s business in Malaysia worth USD 2,127 million. The acquisition is expected to promptly add PTTEP’s sales volumes and operating cash flow right after the deal is completed. The ceremony was recently held in Kuala Lumpur, Malaysia.
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