M&A Deal Summary

PTT Exploration and Production Public Acquires Murphy Oil - Malaysian subsidiaries

On March 21, 2019, PTT Exploration and Production Public acquired oil/gas exploration company Murphy Oil - Malaysian subsidiaries from Murphy Oil for 2.1B USD

Acquisition Highlights
  • This is PTT Exploration and Production Public’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is PTT Exploration and Production Public’s largest (disclosed) transaction.
  • This is PTT Exploration and Production Public’s 1st transaction in Malaysia.

M&A Deal Summary
Date 2019-03-21
Target Murphy Oil - Malaysian subsidiaries
Sector Oil/Gas Exploration
Buyer(s) PTT Exploration and Production Public
Sellers(s) Murphy Oil
Deal Type Divestiture
Deal Value 2.1B USD

Target

Murphy Oil - Malaysian subsidiaries

Malaysia
Murphy Oil Corp. - Malaysian subsidiaries include Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., provides oil and natural gas exploration and production services in Malaysia.

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Buyer(S) 1

Buyer

PTT Exploration and Production Public

Bangkok,, Thailand
Category Company
Founded 1985
Sector Oil/Gas Exploration
DESCRIPTION

PTT Exploration and Production Public Company Limited explores for and produces petroleum in Thailand and internationally.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
Country (Malaysia) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-23 Sinphuhorm and Pailin Fields Project

Thailand

Sinphuhorm and Pailin Fields Project, provides oil and gas exploration services.

Buy -

Seller(S) 1

SELLER

Murphy Oil

Houston, Texas, United States
Category Company
Founded 1950
Sector Oil/Gas Exploration
Employees725
Revenue 3.4B USD (2023)
DESCRIPTION

Murphy Oil is an international oil and gas provider committed to exploration, devoted to an innovative Global Offshore strategy, and steadfast in the efficient growth of our North American Onshore interests. Murphy Oil was founded in 1950 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
Country (Malaysia) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Murphy Oil - Montney Natural Gas Assets

Dawson Creek, British Columbia, Canada

Murphy Oil - Montney Natural Gas Assets are Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C comprises natural gas fields.

Sell $538M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-23 LLOG Exploration - Deep Water Gulf of Mexico Assets

Covington, Louisiana, United States

LLOG Exploration LLC - Deep Water Gulf of Mexico Assets is an oil and natural gas exploration and production company.

Buy $1.4B
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