Murphy Oil Reportedly Receives Big Bid For Malaysian Assets


Dateline 2018-12-10, Seeking Alpha:

Murphy Oil Corporation (NYSE:MUR) has reportedly received a bid from an unknown third-party that is seeking to buy its Malaysian oil & gas assets for US$2 billion-US$3 billion. The division is a material cash flow generator to Murphy Oil Corporation as the upstream player pumped 46,700 BOE/d net out of Malaysia during the third quarter of this year (61% liquids cut). Murphy Oil Corporation also has several very promising growth prospects in the region, including an ongoing floating liquefied natural gas development in Block H. The firm would need to receive a generous offer to part with those opportunities. Let’s dig in.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: