Energy giant Exxon Mobil (XOM.N) and Royal Dutch Shell (RDSa.L) suitor advance to the next round Newfield Exploration Company (NFX.N) Malaysia and China's oil and gas fields of the tender value of about 1.2 billion, said a person familiar with the situation.
Newfield and Hess (HES.N) unloading some aging and less productive oil and gas sector investment more strategic and profitable projects, especially near their home markets of the U.S. energy companies. Driven in part by moving activist shareholders.
Almost a dozen suitors are attracted to the new field of auction kicked off about two months ago. Wild advisor, Goldman Sachs (GS.N: Quote), has been reduced to list at least four, inviting Canadian Talisman Energy (TLM.TO) and KUFPEC, Kuwait Oil Company, a unit of the second round submission In mid-September the tender Exxon Mobil and Shell together with human complement.
"Management is one mind, this is the sale of assets, and re-focus on North America," a person familiar with the matter told Reuters reporters.
Wild, in Malaysia's fourth largest oil producer, has an interest of approximately 33,000 acres offshore Malaysia and China Offshore approximately 290,000 net acres. Malaysia field wild revenue 39% in 2012 accounted for 3.3%, while the Chinese fields.
PETR.UL, Malaysia's national oil company, National Oil BHD (PETRONAS) Domestic sales will be crucial, because it is the operator of the Malay Basin, Newfield holds an interest in some of the blocks.
A person familiar with the process said: "Almost all enterprises through the Malaysian assets issued a production sharing contract with Petronas, have a good working relationship, so it would be an easy match, then."
Wild, has a market value of $ 32 billion, down 25-30% in its international production due to the natural decline in its areas of Malaysia, among other factors warnings.
Woodland, headquartered in Texas, wild, Exxon Mobil and Shell declined to comment. Talisman did not respond to an e-mail seeking comment, but KUFPEC not be reached for comment. Sources of anonymity sales process is confidential.
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