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 range of fuel products.

About Puma Energy

Puma Energy is a global integrated midstream and downstream oil company active in close to 45 countries. Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide, achieving rapid growth, diversification and product line development. The company directly manages over 7,400 employees. Headquartered in Singapore, it has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia). Puma Energy’s European assets include terminals in Estonia, Spain and Norway. Its global servicing hub is based in Switzerland.

Puma Energy’s global integrated asset base includes 80 primary terminals that are strategically located, bringing security of supply to our 23,500 B2B customers and 215 million retail customers. The Puma Energy business model enables our growing team of energy professionals consistently to deliver dynamic performance in markets with growth potential to our customers. To maintain trust from our key stakeholders we continue to prioritise ongoing dialogue with our communities and we work hard to minimise any adverse effects from our operations.

Puma Energy’s core activities in the midstream sector include the supply, storage and transportation of petroleum products. Puma Energy’s activities are underpinned by investment in infrastructure which optimises supply chain systems, capturing value as both asset owner and marketer of product. Puma Energy’s downstream activities include the distribution, retail sales and wholesale of a wide range of refined products, with additional product offerings in the lubricants, bitumen, LPG and marine bunkering sectors. Puma Energy currently has a global network of over 1,900 retail service stations. Puma Energy also provides a robust platform for independent entrepreneurs to develop their businesses, by providing a viable alternative to traditional market supply sources.

About Murphy Oil

Murphy Oil Corporation (NYSE:MUR) is an independent exploration and production company with a strong portfolio of global offshore and onshore assets delivering oil-weighted growth.
Murphy produces oil and/or natural gas in the United States, Canada, and Malaysia and conducts exploration activities worldwide.
Headquartered in El Dorado, Arkansas, Murphy has over 1,500 employees around the world.

See the site of Milford Haven Refinery
See the site of Westerleigh terminal
See the site of Theale terminal
See the site of Bedworth terminal

Origine : Communiqué Puma Energy