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Energy M&A image Energy M&A » By The Online Investor Staff, updated Tue., Aug. 11, 9:12 AM Recent mergers and acquisitions in the Energy M&A category.

Slide #65. SapuraKencana Petroleum Berhad Newfield Exploration Malaysian Business

Acquirer: SapuraKencana Petroleum Berhad
Acquiree: Newfield Exploration Malaysian Business (NFX)
Details: Newfield Exploration Company (NYSE: NFX) today announces the closing of the previously announced sale of its business offshore Malaysia to SapuraKencana Petroleum Berhad, receiving total proceeds of approximately $898 million. The Share Purchase Agreement was originally executed with SapuraKencana on October 22, 2013, with an effective date of June 30, 2013. Proceeds from the sale will be used to reduce short-term borrowings under Newfield's credit facility and for general corporate purposes.

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Company Name: 
Newfield Exploration Co
Oil & Gas Exploration & Production

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