ExxonMobil to transfer operations of assets of 2 production-sharing contracts in Malaysia to Petronas
SINGAPORE, July 20 (Reuters) -Exxon Mobil Corp XOM.N intends to transfer the operations of all assets of two production-sharing contracts in Malaysia to state energy company Petronas, Exxon Mobil said on Saturday.
Reuters had reported on Friday that Exxon Mobil has agreed to sell its Malaysian oil and gas assets to Petronas, citing two people with direct knowledge of the matter.
"This is not a sale and there will be no changes to EMEPMI's working interest in the Production Sharing Contracts," ExxonMobil Exploration and Production Malaysia Inc, or EMEPMI, the company said in a statement to Reuters.
"This does not impact our other businesses in Malaysia — we remain committed to conducting business here as we have for more than 130 years," it added.
Reporting by Yantoultra Ngui and Florence Tan
Editing by Frances Kerry
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