Exxon Narrows Bidders for $3 Billion Malaysian Assets
- EnQuest, Hibiscus Petroleum are among bidders for the assets
- Exxon started the process to sell Malaysian assets last year
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Exxon Mobil Corp. has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise $2 billion to $3 billion in a sale, according to people with knowledge of the matter.
U.K.-listed EnQuest Plc and Kuala Lumpur-traded Hibiscus Petroleum Bhd. are among those that have been chosen to submit binding bids for the assets, the people said. Other companies have also expressed interest, said the people, who asked not to be identified as the discussions are private.