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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read