IN BRIEF: EnQuest clears steps towards Malaysia purchase completion
EnQuest PLC - oil and gas producer in the UK and Malaysia - All conditions to complete its proposed acquisition of participating interests in four Malaysian production sharing contracts, have been satisfied in full, EnQuest says. This follows approval of the deal by EnQuest shareholders at the company's general meeting on Tuesday, and by Petroliam Nasional Bhd, or Petronas. The farm-out agreement was signed in June between Petronas Carigali Sdn Bhd, the upstream business of Petronas, and EnQuest's local subsidiary, EnQuest Petroleum Production Malaysia Ltd. Petronas is Malaysia's state oil company. Read More