Newfield sells out of its Malaysian business to SapuraKencana for US$898 million
Newfield's Malaysian operations encompass a balanced portfolio of producing assets, shallow-water gas discoveries, and long-term deepwater exploration potential. We value Newfield's commercial assets at US$594 million, and discovered gas resources at US$115 million. The price paid reflects a rare opportunity to purchase a ready-made portfolio in Malaysia; including an established and successful exploration team. Over 40 companies notified an interest when Newfield announced its ...