Slaughter and May advises Puma Energy - acquisition of Murphy Oil's UK sites

Slaughter and May advised Puma Energy in connection with its proposed acquisition from Murco Petroleum Limited, a subsidiary of Murphy Oil Corporation, of the Milford Haven facility in Wales, three inland terminals at Westerleigh, Theale and Bedworth and Murco's wholesale and distribution business in the UK. This in total adds approximately 1.4 million m3 of storage capacity to Puma Energy's midstream operations of 5.6 million m3.  The acquisition is Puma Energy's first acquisition in the United Kingdom and Puma Energy's intention is to convert the site into a state-of-the-art storage facility, supporting the supply of energy into the UK.