LONDON (Reuters) – Exxon Mobil Corp has appointed Financial institution of America Merrill Lynch to run the sale of its Malaysian oil and fuel property because the U.S. agency accelerates an enormous disposal program, banking and trade sources stated.
FILE PHOTO: A emblem of the Exxon Mobil Corp is seen on the Rio Oil and Fuel Expo and Convention in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Picture
The Malaysian property, which embrace stakes in two giant fields, are anticipated to fetch as much as $three billion, the sources stated.
Exxon is exploring a sale of its Malaysian oil-and-gas producing property, amongst a lot of different properties worldwide, confirmed…