SPANISH oil major Repsol SA is understood to be looking to exit its oil and gas (O&G) production business in Malaysia, sources familiar with the matter tell The Edge. While details are scarce, it is understood that Repsol has roped in an international investment bank to assist in the sale. Mikkel Larsen, Repsol’s international communication and country coordination official, in an email response to The Edge on the possible sale of the company’s Malaysian assets, says, “We don’t have any comments to this — we never comment on speculations about this kind of processes.” Nevertheless, a high-ranking local O&G executive says, “I am not surprised, it (the sale of assets) has been on the cards for a while now.”