Murphy Oil's Malaysia assets draw interest from Mitsubishi, ONGC: Sources
Jul 17 2014
India's state-owned Oil & Natural Gas Corp and Oil India Ltd are among the other suitors preparing to submit bids for the Murphy assets, separate sources said.
It was not immediately clear if the two Indian companies would submit a joint bid as they have done in the past for overseas energy assets.
Arkansas-based Murphy, which has interests in oil and gas fields in Malaysia, Vietnam, Indonesia, Brunei and Australia, has invited bids for a 30 percent stake in its Malaysian assets, Reuters previously reported.
A Mitsubishi spokeswoman declined to comment. ONGC Videsh, the overseas business arm of ONGC, also declined to comment.
Oil India and Murphy did not respond to e-mails seeking comment. Sources declined to be identified as the sale process is confidential.