Divestiture • Oil/Gas Exploration

PTT Exploration and Production Public Co. Acquires Murphy Oil - Malaysian subsidiaries

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

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

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M&A Deal Summary

Date March 21, 2019
Target Murphy Oil - Malaysian subsidiaries
Sector Oil/Gas Exploration
Buyer(s) PTT Exploration and Production Public Co.
Sellers(s) Murphy Oil
Deal Type Divestiture
Deal Value 2.1B USD

Target Company

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 Overview 1

Buyer

PTT Exploration and Production Public Co.

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 Context for Buyer #
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 Profile 1

SELLER

Murphy Oil

Houston, Texas, United States

Category Company
Founded 1950
Sector Oil/Gas Exploration
Employees750
Revenue 3.0B USD (2024)
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 Context for Seller #
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