The Texas-based oil and gas company is selling its Malaysian offshore interests for $898 million to SapuraKencana Petroleum Bhd. in an all-cash deal.
October 31, 2013 at 01:01 AM
1 minute read
The original version of this story was published on The American Lawyer
Morgan, Lewis & Bockius is advising Newfield Exploration Co. on the $898 million sale of its Malaysian offshore oil and gas interests.
The company has signed a share purchase agreement to sell all of its equity interests in Newfield Malaysia Holdings to SapuraKencana Petroleum Bhd., the oil arm of the family-controlled Sapura Group, in an all-cash deal. SapuraKencana beat out more than 40 other companies with its winning bid.
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