Murphy Oil eyes sale of $2-$3bln worth of Asia assets- sources

Fri, 14 Feb - 1:56pm

HONG KONG, Feb 14 (Reuters) - Murphy Oil Corp is considering the sale of some of its Asian oil and gas assets, in a deal that could fetch more than $2 billion, people familiar with the matter told Reuters.

Murphy, which has a $10.7 billion market value, is working with a U.S.-based consultant to test appetite for the sale, one of the people said. While the company is yet to formally launch any sale process, the consultant has reached out to some potential Asian energy companies, and sovereign wealth funds in the Middle East, the people added.

A Murphy spokesman did not immediately reply to an email and a call to his office seeking comment.

(Reporting by Denny Thomas; Editing by Michael Flaherty and Richard Pullin)

((denny.thomas@thomsonreuters.com)(+852 2843 6358)(Reuters Messaging: denny.thomas.thomsonreuters.com@reuters.net))

Keywords: MURPHY ASIA/

URN: 
urn:newsml:reuters.com:20140214:nL3N0LJ1F3:4
Topics: 
HK US OILG MY AU TH CMPNY ENR ASIA EMRG DEAL1 LEN RTRS MRG NEWS1 REFI BACT ID ASEAN CN DVST AMERS EXPL ENER

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