KUALA LUMPUR: Reach Energy Bhd
, backed by Norway’s sovereign wealth fund, may complete its first acquisition ahead of schedule as plunging crude prices make more assets available for sale.
The company set up to buy oil and gas fields had narrowed in on two potential targets after having a “very busy” year evaluating more than 50 assets globally, and expected to close a deal in early 2016, managing director Shahul Hamid Mohd Ismail said in an interview on Tuesday.
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