SYDNEY (Reuters) – ExxonMobil has referred to as off the potential multibillion-dollar sale of its oil and fuel belongings in Australia’s Bass Strait, in line with the Australian Monetary Assessment.
The choice by the U.S. oil main comes simply six weeks after the deadline for indicative bids for the portfolio set by adviser JPMorgan.
“After finishing an intensive market analysis, ExxonMobil has determined to retain its operated Gippsland Basin producing belongings in Australia,” a spokesman for ExxonMobil’s native affiliate Esso Australia was quoted by the AFR as saying.
He signalled that the sale course of had not yielded enticing sufficient provides, the AFR reported.
An ExxonMobil spokesman was not instantly accessible for touch upon Saturday.
Reporting by Swati Pandey; Enhancing by Tom Brown