Puma Energy Completes United Kingdom Acquisition of Murco Petroleum Assets

Source Press Release
Company Puma Energy InternationalMurex Petroleum Corp 
Tags Asset Deals, Deals, Pipelines/ tankers/ distribution, LNG & Gas Storage/Processing, Refining & Marketing Activities
Date July 01, 2015

As announced on 13 March 2015, Puma Energy agreed to acquire a series of UK assets from Murco Petroleum Limited, a subsidiary of Murphy Oil Corporation (NYSE:MUR). 

The deal has completed and Puma Energy has obtained all the required Government and HMRC licenses as well as the support of the Welsh Government Assembly.  The acquisition includes the Milford Haven facility in Wales and three inland terminals at Westerleigh, Theale and Bedworth, as well as Murco’s wholesale and distribution business in the UK.

The deal continues Puma Energy’s focused strategy of connecting supply from International markets to local distribution demand. Milford Haven is a sea-fed facility, located in Pembrokeshire on the west coast of Wales and one of the largest terminals currently readily available in North Western Europe.  Its strategic location will play a key role in ensuring a secure supply of oil products to the UK and Ireland, enabling large import volumes. 

The acquisition is a significant strategic entry into the UK for the supply of the full 

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