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2014-06-13 21:05:00

EXXON SELLS MALAYSIA

EXXON SELLS MALAYSIA

British independent oil producer EnQuest has agreed to take over ExxonMobil's share in the Malaysian Seligi oil field and the associated production sharing contract.

The acquisition, which is subject to regulator approval, will give EnQuest a 50 percent stake in the field which it will start operating once the deal is completed.

Malaysia's Petronas will retain the other 50 percent.

The Seligi oil field, EnQuest's third Malaysian project, will boost the company's net production by around 5,000 barrels of oil equivalent per day and add 11 million barrels of oil equivalent to its net reserves.

"This acquisition follows from our recent partnership with Petronas on the Tanjong Baram field and is a significant expansion to our Malaysian operation," said EnQuest chief executive Amjad Bseisu.

reuters.com

Tags: MALAYSIA, EXXON, OIL

Chronicle:

EXXON SELLS MALAYSIA
2017, December, 11, 09:55:00

SAUDIS OIL FOR JAPAN

REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.

EXXON SELLS MALAYSIA
2017, December, 11, 09:50:00

U.S. EMPLOYMENT UP BY 228,000

U.S. BLS - Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.

EXXON SELLS MALAYSIA
2017, December, 11, 09:45:00

ДОХОДЫ РОССИИ: +204,8 МЛРД. РУБ.

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EXXON SELLS MALAYSIA
2017, December, 11, 09:40:00

OPEC WILL BACK BY 2040

“Tight oil supplies are the wild card. They have reshaped the global outlook in recent years,” observed Ayed S. Al-Qahtani, who directs the research division at the OPEC Secretariat in Vienna. “US tight oil supplies will be the most important contributor but are expected to reach their peak around 2025.”

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