Oil India said to plan bid for $2 billion Murphy Malaysia assets


Hmm.

Dateline 2014-04-16, Mint & TWSJ:

Oil India Ltd (OIL), the nation’s second-biggest state-run explorer, is weighing a bid for part of Murphy Oil Corp.’s assets in Malaysia, said people with knowledge of the matter.
The producer is interested in buying about a 30% stake in Murphy Oil’s assets in the Southeast Asian nation, said the people, who asked not to be identified because the information is private. The holding may be valued at least at $2 billion, the people said.
India’s government-run oil companies are building on their record $5.5 billion of acquisitions last year to secure supplies for Asia’s second-biggest energy consumer. Oil India, which had $2.1 billion of cash at the end of September, is also studying an acquisition of Nigerian oil and gas assets owned by Royal Dutch Shell Plc valued at as much as $2 billion, people familiar with the matter said last week.

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