Puma Energy announces purchase of Murco Oil's UK sites

Puma Energy, the globally integrated midstream and downstream energy company said March 15 in a statement from Singapore that it has bought UK assets from Murco Petroleum Limited, a subsidiary of Murphy Oil Corp.

“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, the company said.

Under the terms of the agreement, which represents Puma Energy’s first acquisition in the UK, Puma will upgrade the site and keep employees.

Puma said it 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.”

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