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.

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