SYDNEY, Nov 28 (Reuters) – ExxonMobil XON has referred to as off the potential multibillion-dollar sale of its oil and gasoline belongings in Australia’s Bass Strait, based on the Australian Monetary Evaluation.
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 in depth 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 engaging sufficient provides, the AFR reported.
An ExxonMobil spokesman was not instantly accessible for touch upon Saturday.
(Reporting by Swati Pandey; Enhancing by Tom Brown)
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