Wal Muir from Singaporean oilfield engineering company NauticAWT revealed on Sunday the Chinese state-run company was looking to offload its 60% interest in retention leases AC/RL11, AC/RL1 and its 30% interest in the Eni-operated AC/P21 exploration permit.

“Sinopec’s preference here is to divest all its assets in a single transaction, but other options will be considered,” Muir told attendees at the PESA Deal Day in Melbourne.

It