ExxonMobil exiting Malaysia to focus on Permian Basin

Dateline 2019-10-22, The Edge:

EXXONMOBIL Corp has confirmed that it is testing market interest in its upstream offshore assets in Malaysia as part of an ongoing evaluation and its plan to divest US$15 billion of its non-strategic properties by 2021.

However, Sukiman Mohamed, spokesperson for its Malaysian subsidiary, says no agreements have been reached and no buyer has been identified so far for the assets.

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