Puma Energy, the globally integrated midstream and downstream energy company, has announced the acquisition of a series of UK assets from Murco Petroleum Limited, a subsidiary of Murphy Oil Corporation.

The acquisition includes the Milford Haven facility in Wales, UK and three inland terminals at Westerleigh, Theale and Bedworth, as well as Murco’s wholesale and distribution business in the UK. This in total adds approximately 1.4Mm3 of storage capacity to Puma Energy’s midstream operations of 5.6Mm3.

Under the terms of the agreement, which represents Puma Energy’s first acquisition in the United Kingdom, the Company will acquire the assets and convert the site into a state-of-the-art storage facility. Puma Energy are also delighted to be welcoming all the terminal and distribution employees.

As one of the world’s largest independent, integrated midstream and downstream companies, Puma Energy will apply its extensive experience in fuel storage at the facility – the result of which will make Milford Haven a key site securing the supply of energy to the UK and wider region during a period of change in European energy infrastructure.

The acquisition will complement Puma Energy’s existing global strategy of disciplined investing. It also signifies a significant strategic entry into the UK market for the supply of the full range of fuel products giving Puma Energy an immediate presence in the UK wholesale and distribution market.

Milford Haven will provide another opportunity for Puma Energy to demonstrate its ability to operate to the highest of internationally-recognised environmental standards. The Company is experienced in working alongside various Environmental agencies across its geographic footprint of 45 countries. This includes a commendation by the US Environmental Protection Agency in Puerto Rico for its works at its Bayamon terminal and for globally constructing five state-of-the-art terminals in 2014.

Pierre Eladari, CEO for Puma Energy said “Puma Energy continues our focused strategy of connecting supply from International markets to local distribution demand.”

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 the Westerleigh terminal
See the site of the Theale terminal
See the site of the Bedworth terminal